ACCC raises competition concerns over Chemist Warehouse merger

  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The ACCC has warned a proposed acquisition between Sigma Healthcare and Chemist Warehouse could stifle competition within the nation's pharmacy sector.

The Australian Competition and Consumer Commission has raised concerns that a proposed merger between Sigma Healthcare and Chemist Warehouse could lead to a "major structural change" of the nation's pharmacy sector.

"This new business model for the pharmacy sector could raise barriers to rivals expanding or entering, which may lessen competition." The ACCC expressed concern the merger would also allow Chemist Warehouse to access and use commercially sensitive data about its competitors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ACCC says proposed Chemist Warehouse merger with Sigma Healthcare raises 'competition concerns'The Australian Competition and Consumer Commission says a proposed merger between pharmacy retail giant Chemist Warehouse and Sigma Healthcare raises 'competition concerns' in the country's pharmacy sector.
Source: abcnews - 🏆 5. / 83 Read more »

Chemist Warehouse’s $8.8b merger could stifle competition, shut stores: ACCCAustralia’s competition watchdog has raised concerns that Chemist Warehouse’s planned merger with Sigma Healthcare into an $8.8 billion titan will hurt rivals in the pharmacy sector.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Chemist Warehouse’s $8.8b merger could stifle competition, shut stores: ACCCAustralia’s competition watchdog has raised concerns that Chemist Warehouse’s planned merger with Sigma Healthcare into an $8.8 billion titan will hurt rivals in the pharmacy sector.
Source: theage - 🏆 8. / 77 Read more »

Chemist Warehouse’s $8.8b merger could stifle competition, shut stores: ACCCAustralia’s competition watchdog has raised concerns that Chemist Warehouse’s planned merger with Sigma Healthcare into an $8.8 billion titan will hurt rivals in the pharmacy sector.
Source: smh - 🏆 6. / 80 Read more »