Sale of Franklins to Metcash

 In Australia, Franklins, Metcash/IGA, NewZealand

The Federal Court dismissed an application by the Australian Competition and Consumer Commission for an interim injunction to restrain Metcash from proceeding with the acquisition of the Franklins supermarket business until a full appeal is heard and determined.
The Court has listed the ACCC’s appeal for an expedited three-day hearing starting on October 24, 2011.
The ACCC filed an appeal on September 9, 2011 against the Federal Court’s judgment dismissing the ACCC’s application to prevent Metcash from acquiring the Franklins supermarket business. RetailWorld – Read more…

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