The Australian Competition and Consumer Commission says it will not oppose the proposed acquisition of Australian Securities Exchange operator, ASX Ltd
(ASX:ASX), by the Singapore Exchange.
The ACCC says the proposed $8.4 billion merger is unlikely to result in a substantial lessening of competition.
The regulatory thumbs up now leaves only the federal government’s approval for the deal to proceed.
ASX generated a net profit of $328 million in the year to 30 June 2010.
