ACCC raises preliminary concerns over sale of RMS Tasmanian forestry assets

'The ACCC has raised preliminary competition concerns about the proposed sale of the Tasmanian forestry assets of Resource Management Service LLC'. It is reviewing two prospective buyers of the RMS assets. Its concern is that the acquisitions could 'impact the viability of competing export channels for hardwood plantation chips in northern Tasmania, which could lower prices paid to private growers of plantation logs'.

See ACCC, 'Concerns about sale of RMS Tasmanian forestry assets' (Media Release, 26 September 2019).