Zashvin Pty. Ltd

SUMMARY UNDER REGULATION 13(2) OF THE COMPETITION COMMISSION OF INDIA (COMBINATIONS) REGULATIONS, 2024 (a) Parties to the Combination 1. The parties to the combination are— (i) Zashvin Pty. Ltd. (Zashvin/ Acquirer); and (ii) Jellinbah Group Pty. Ltd. (Jellinbah/ Target) 2. The Acquirer and Target are collectively referred to as the Parties. (b) Nature and purpose of the Combination 3. The proposed transaction relates to Zashvin’s acquisition of an additional shareholding of ~33.33% in Jellinbah, on a fully diluted basis, from Anglo Coal (Jellinbah) Holding Resources Pty. Ltd. (Proposed Transaction). 4. The Proposed Transaction reflects Zashvin’s confidence in Queensland’s coal industry and commitment to supporting the central Queensland community. (c) Products, services and businesses of the Parties to the Combination Acquirer 5. Zashvin is headquartered in Brisbane, Australia. It presently holds a ~33.33% shareholding in Jellinbah. 6. In addition to its current shareholding in Jellinbah, a related entity of Zashvin, Magnetic South Pty. Ltd., owns and controls two small non-producing coal projects in Queensland, Australia. Target 7. Jellinbah, headquartered in Brisbane, Australia, was established in 1988. It operates two coal mines in Queensland, Australia: (i) Jellinbah mine; and (ii) Lake Vermont mine. Jellinbah’s activities consist of exporting coal to various jurisdictions including Brazil, Germany, India and Vietnam. (d) The Respective Market(s) in which the Parties to the Combination operate 8. There are no horizontal overlaps, vertical or complementary relationships between the activities of the Parties, in India. (di) Green Channel route 9. Given that there are no overlaps, the Proposed Transaction does not raise any risk of appreciable adverse effect on competition in India. 10. Therefore, the Proposed Transaction is being filed under the Green Channel route with the Hon’ble Competition Commission of India in accordance with Section 6(4) of the Competition Act, 2002 read with Rule 3 of the Competition (Criteria of Combination) Rules, 2024. ************* 200