A PYMNTS Company

Australia: ACCC to block Woolworth’s acquisition of Ballarat hardware stores

By  |  October 5, 2012

The competition regulator has opposed Woolworths’ proposed acquisition of an independent chain of three hardware stores owned by G Gay & Co in Ballarat, Victoria. The proposed acquisition is likely to result in a lessening of competition through the removal of Woolworths’ two closest competitors in the Ballarat area. Rod Sims, the chairman of the ACCC said that decision to oppose the acquisition was part of the watchdog’s more localized approach to competition regulation, especially due to large number of local acquisitions by the major supermarket chains.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: SmartCompany

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Related Content: Australia: Virgin raises concerns with ACCC about Qantas tie-up with Emirates

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.