Chalmers’ merger shake-up slams brakes on supermarket takeovers

Every plan by a supermarket to take over part of the operation of another will face scrutiny from the competition regulator under federal government plans to deliver the biggest overhaul to merger laws in half a century.

Chalmers will argue the merger reforms will boost competition and productivity across the economy, delivering benefits direct to consumers and businesses. The ACCC will investigate any merger involving a large business with a turnover of more than $500 million buying a smaller business or assets with domestic turnover of more than $10 million.Any merger involving an Australian company with turnover across all its operations of more than $200 million, and either a business or assets of more than $50 million, or a global transaction value above $250 million, will also be reviewed.

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Chalmers’ merger shake-up slams brakes on supermarket takeoversThe biggest change to the nation’s merger laws will target the supermarket sector with any takeover plan likely to face the ire of the competition regulator.
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Chalmers’ merger shake-up slams brakes on supermarket takeoversThe biggest change to the nation’s merger laws will target the supermarket sector with any takeover plan likely to face the ire of the competition regulator.
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