The ACCC in its media release dated 08 September 2022 announced that it will not oppose the planned acquisition of Link Administration Holdings by Dye & Durham Corporation after accepting a court-enforceable undertaking from Dye & Durham Corporation would divest its current Australian business.
Through Link’s acquisition, Dye & Durham Corporation (D&D) will acquire 42.77% shareholding in PEXA Group Ltd, held currently by Link Administration.
As pointed out by ACCC on 16 June 2022, the vertical D&D’s information broking services, conveyancing and legal practice management software with PEXA’s Electronic Lodgment Network raised significant competition worries.
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