ACCC will not oppose acquisition of APA

The ACCC will not oppose the proposed acquisition of APA Group (ASX: APA) by the CK Consortium, after accepting a court-enforceable undertaking from the CK Consortium to divest significant gas assets in Western Australia. “The ACCC concluded that, in the absence of the undertaking, the proposed acquisition was likely to substantially lessen competition,” ACCC Chair Rod Sims said. “The ACCC was con