ACCC loses Metcash takeover case

Metcash will acquire Franklins in a $215 million deal after the Federal Court dismissed a case brought by the Australian Competition and Consumer Commission.

The regulator argued that the deal will stifle competition, and that Metcash would have an effective monopoly for independent supermarkets in New South Wales.

However, an initial summary of the judgement shows Justice Emmett believes the takeover would actually help independent retailers compete with larger supermarkets.

Click here to read the full story.

Contact us today to trial our Corporate Services Point-in-Time for free!