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Australia: Regulator to look at Coles-Supabarn deal

By  |  June 23, 2015

The Australian competition regulator has said it will launch a public review into Coles’ proposed acquisition of none Supabarn stores.

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    The deal, announced last week, will see Coles pick up four stores in the ACT, four stores in NSW, and one under-construction outlet. The Wesfarmers-owned group also said it will invest around A$30m on revamping the stores, while retaining existing staff.

    Rod Sims, Chairman of the Australian Competition and Consumer Commission, said that due to Supabarn’s position as a “significant independent supermarket chain”, a review has been launched to determine whether “its removal as a competitor would substantially lessen competition between supermarket chains”.

    The review will be open for submissions from consumers, suppliers, supermarket operators and other interested parties from mid-July.

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