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Bingo Industries Provides Update on Proposed Acquisition of Dial A Dump Industries

08 Jan 2019  |  10:12:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on Bingo's proposed acquisition of DADI

Bingo Industries announced that it has offered an undertaking to the Australian Competition and Consumer Commission (ACCC) to divest its waste processing facility in Banksmeadow in order to address an ACCC preliminary concern in relation to the Company's proposed acquisition of Dial A Dump Industries (DADI), as first announced to the market on 21 August 2018. It has offered this undertaking to the ACCC as part of its response to the regulator's Statement of Issues (SOI) which was released on 29 November 2018. The ACCC will undertake further market consultations in respect of the proposed undertaking in addition to its continued consideration of the issues raised in the SOI and has indicated that a final decision is expected by 21 February 2019.

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