ACCC drops investigation of cinema acquisition
The Australian Competition and Consumer Commission (ACCC) today discontinued its investigation into the acquisition of the Cinema Hyperplex in Loganholme, Brisbane. The Hyperplex was acquired by a 50:50 joint venture (JV) between Amalgamated Holdings Limited and Village Roadshow. They had not applied to the ACCC to clear the acquisition.
The ACCC started its review of the acquisition in September 2013. After a review lasting 12 months, the ACCC decided to discontinue its investigation.
Frontier (Australia) was retained by lawyers for the JV to advise on the effects on competition of the acquisition.
Frontier (Australia) regularly advises companies and regulators on a range of competition issues .
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