Link Group has signalled it will be keeping its powder dry on a possible bid for Pillar Administration in the face of scrutiny from the Australian Competition and Consumer Commission.
The company announced to the Australian Securities Exchange (ASX) today that it had expressed interest in participating in the Pillar sale process but was currently considering its options.
“If Link Group decides to progress the bid process, it may submit a bid for the Pillar assets,” it said.
“The ACCC has indicated that it will commence a public informal merger review in respect of the possible bid.”
Link Group owns Australian Administration Services and in 2014 acquired Superpartners making it the dominant player in the superannuation administration space.
