Woolworths shelves ACCC talks on buy ups

THE competition regulator will apply the blowtorch to any Woolworthsn acquisition after the country’s biggest retailer walked out of six nmonths of talks designed to create a streamlined acquisition process.

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Australian Competition and Consumer Commission chairman Rod nSims did not hide his disappointment on Friday that Woolworths had ndecided to withdraw from the voluntary protocol the watchdog was tryingn to formulate with the big supermarket chains, saying he believed nWoolworths had sizeable market power and was fixated on growing it. Sydney Morning Herald – Read More.​

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