The Australian Competition and Consumer Commission (ACCC) has accepted a crucial undertaking from Petstock Pty Ltd (Petstock), entailing the divestiture of a package of assets, including 41 retail stores, following an investigation into the company’s past acquisitions. This decision clears the path for Woolworths (ASX: WOW) to acquire a 55 per cent controlling interest in […]
TasFoods Limited has announced that the Australian Competition and Consumer Commission (ACCC) has given the green light to the sale of Betta Milk and Meander Valley Dairy to Bega Cheese Limited. This transaction, valued at A$11 million plus inventory, includes the acquisition of businesses and certain assets of both dairy brands, as well as a […]
The Australian Competition and Consumer Commission (ACCC) said that retailing giant Woolworths Group’ proposal to acquire 65% stake in foodservice distributor PFD Food Services for AUD 552 million ($426 million) will raise competition concerns. The competition regulator will now launch a detailed probe into the deal, that was announced in August 2020. It expects to […]