Original article by James Thomson
The Australian Financial Review – Page: 1 & 2 : 9-Jan-17
Australian Competition & Consumer Commission chairman Rod Sims argues that more local companies should be pursuing international growth rather than merely acquiring their domestic rivals. He adds that while many companies support the idea of becoming a "national champion", this has resulted in some companies dominating the domestic market rather than expanding globally. Sims has also raised the possibility of changing the criteria for approving mergers by requiring a company to prove why the deal should be allowed to proceed.
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, BP AUSTRALIA LIMITED, WOOLWORTHS LIMITED – ASX WOW, SYDNEY AIRPORT – ASX SYD, BUSINESS COUNCIL OF AUSTRALIA, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, TPG TELECOM LIMITED – ASX TPM, VOCUS COMMUNICATIONS LIMITED – ASX VOC