The Australian Competition and Consumer Commission (ACCC) today announced that it will not oppose the proposed acquisition of three Progressive Supa IGA supermarkets by Coles/Wesfarmers.
The supermarkets are located in Bunbury, Halls Head and Dianella. Although there were concerns that the acquisitions would remove differentiated offerings in the local areas, the ACCC took account of actual and potential competition in each of the areas and the recent poor performance of the stores under their current management.
Frontier (Australia) was retained by solicitors for Coles to advise on the effects of the proposed acquisitions on competition in local markets.
Frontier regularly advises clients on a range of competition issues.
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