ACCC grants conditional approval to Woolworths’ acquisition of controlling stake in Petstock
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 […]