Proposed Acquisition by Singapore Airport Terminal Services Limited of Singapore Food Industries Limited

Notifying Parties:

Singapore Airport Terminal Services Limited (“SATS”)

Notifying Date:

3 December 2008

Summary of transaction:

PART 5
INFORMATION FOR THE CCS PUBLIC REGISTER
(TO BE COMPLETED BY THE APPLICANT(S))

1. The Applicants

This notification is made by the acquiring party, SATS.

2. Description of the proposed acquisition

This notification is in relation to the acquisition of all the issued ordinary shares in the capital of Singapore Food Industries Limited (“SFI”) by SATS.

3. Applicants’ competitive assessment of the proposed acquisition

SATS submits that given the large number of competitors in the market, the low barriers to entry and expansion, nature of demand, extent of buyer power, non-homogenous products and other competitive characteristics of the reportable markets, it would be difficult, post-merger, for the merged entity to engage in any non-coordinated or coordinated bahaviour. Accordingly, the acquisition, when carried into effect, is unlikely to result in a substantial lessening of competition in the reportable markets.

4. Relevant product(s) and service(s) involved

SATS submits that the relevant good(s) or services(s) for the purposes of this notification are:

- contract food services;
- supply of processed foods; and
- wholesale distribution of food products.

Decision:

The proposed merger, if carried into effect, will not infringe the section 54 prohibition.

Decision Date:

13 January 2009
Click here for the decision.