General Announcement::Novion welcomes ACCC decision

Issuer & Securities

Issuer/ Manager
NOVION RE LIMITED
Securities
NOVION RE A$300M5.75%C160704 - XS0641119812 - 4XMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-May-2015 09:04:10
Status
New
Announcement Sub Title
Novion welcomes ACCC decision
Announcement Reference
SG150521OTHRW1Z9
Submitted By (Co./ Ind. Name)
Michelle Brady
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Novion Property Group (Novion, ASX:NVN) welcomes the decision of the Australian Competition & Consumer
Commission (ACCC) not to oppose the proposed merger between Novion and Federation Centres (Federation)
(the Merger).

The ACCC today issued its decision on the basis of required undertakings to divest either Federation's interest in
Karingal Hub or Novion's interest in Bayside Shopping Centre. Section 8.6(d) of the Scheme Booklet includes a
sensitivity analysis that outlines the impact on several financial measures if the interest in either asset is divested.
The ACCC's press release is attached to this ASX Announcement and details of the undertakings are available
on the ACCC website.

Please see attached for further details.

Attachments

150521 ACCC Final.pdf
Total size =188K