Can Plan withdraws application for Betta Bins acquisition
Published03 Sep 2021
Can Plan Nelson Limited has formally withdrawn its application to the Commerce Commission for clearance to acquire certain general residential waste assets of Nelmac Limited’s waste collection business trading as Betta Bins.
Can Plan and Betta Bins both supply residential general waste and residential green waste collection services to residents in Nelson, Stoke and Richmond.
The Commission had been scheduled to make a decision on Can Plan’s clearance application by 10 September 2021.
We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.
Further information explaining how the Commission assesses a merger application is available on our website.