Woolies acquisition vetoed

 In Australia, NewZealand, Woolworths
The Australian Competition and Consumer nCommission (ACCC) has released a Statement of Issues (SoI) outlining nconcerns with the proposed acquisition of the Hawker Supa IGA in the ACTn by Woolworths.n
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nThe SoI has asked for more information on competition issues which have narisen from the ACCC’s review to date.nThe ACCC’s preliminary view is that the proposed acquisition may result nin a substantial lessening of competition in the local supermarket nmarket. Inside Retail – Read More.

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