News Formal

ACCC puts brakes on Woolworths' $552m acquisition of food distributor PFD

  • 📰 abcnews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 83%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The competition watchdog says a proposed merger between Woolworths and a private food distributor could give the supermarket giant too much power, threaten the viability of smaller supermarkets and limit what foods shoppers can buy.

The Australian Consumer and Competition Commission says a $552 million acquisition by Woolworths of privately owned PFD Food Services could give the supermarket giant too much bargaining power and reduce consumer choice.The ACCC is concerned the merger will restrict choice for food manufacturers and lessen competition between independent supermarkets

Woolworths has been trying to acquire a 65 per cent stake in PFD, and its 26 distribution centres, since August. Woolworths and PFD both acquire food and groceries from suppliers such as frozen food manufacturers, dairy processors and manufacturers of pasta and sauces. PFD supplies Woolworths' competitors and the ACCC is concerned an acquisition may lessen competition.

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell wrote to the commission in October to formally oppose the acquisition. She said while Woolworths had benefitted from COVID-19 restrictions, independent food distributors had struggled.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Woolworths’ $550 million merger plan may need work: ACCCAustralia’s competition watchdog is calling for industry feedback on a proposed deal between Woolworths and food services company PFD | domp
Fonte: smh - 🏆 6. / 80 Consulte Mais informação »

ACCC flags issues with Woolworths' $500m food distributor acquisitionThe competition watchdog has raised concerns over supermarket giant Woolworths' acquisition of food distributor PFD, dismissing commitments from the business.
Fonte: smh - 🏆 6. / 80 Consulte Mais informação »