Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Statement of Preliminary Issues for Tennex/San-i-pak

21 September 2018
Release No. 42

Statement of Preliminary Issues released for Tennex/San-i-pak

The Commerce Commission has published a statement of preliminary issues relating to the proposed acquisition of the medical and quarantine waste collection and treatment assets of San-i-pak Limited (San-i-pak) by Tennex Capital Limited (Tennex).

The statement outlines the main issues the Commission considers important in deciding whether or not to grant authorisation for the proposed acquisition.

The Commission invites interested parties to provide comments. Submissions can be sent by email toregistrar@comcom.govt.nz with the reference Tennex/San-i-pak in the subject line. Any submissions should be received by close of business on Friday 12 October 2018.

The Commission is currently scheduled to make a decision on the application by 11 December 2018. However, this date may be extended as the investigation progresses.

The statement of preliminary issues and public version of the application can be found on the Commission’s case register.

Background

The Commission has previously considered a proposed acquisition of San-i-pak by Tennex in a clearance application under section 66 of the Commerce Act 1986. On 29 February 2016, the Commission declinedto give clearance to the acquisition, as it was not satisfied that the proposed acquisition would not be likely to substantially lessen competition. Tennex now seeks authorisation to acquire the medical and quarantine waste collection and treatment assets of San-i-pak.

We will grant authorisation if we consider that the proposed acquisition would be likely to substantially lessen competition, but we are satisfied that the acquisition will result, or will be likely to result, in such a benefit to the public that it should be permitted.

More information explaining how the Commission assesses a merger application and the differences between clearance and authorisation applications is available on our website.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: