Proposed acquisition of Franklins

 In Australia, Franklins, Metcash/IGA, NewZealand

Metcash Limited (Metcash) notified the ACCC on September 11 that after the expiry of five clear business days from the same day it considered itself free to agree with Pick n Pay to waive the condition requiring ACCC approval and to complete the acquisition of the issued shares in Interfrank Group Holdings Pty Ltd.
The notice follows the ACCC’s decision on September 9 to appeal the Federal Court’s judgement dismissing the ACCC’s application to prevent Metcash from acquiring Franklins. Retail World. Read more…

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