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Woolworths-PFD deal sparks Australian regulatory review focusing on food, grocery markets

( September 23, 2020, 04:41 GMT | Official Statement) -- MLex Summary: Plans by Australian supermarket company Woolworths to acquire privately owned food-distribution company PFD Food Services is facing a public review by the country’s competition regulator. In a market inquiries letter published today, the Australian Competition & Consumer Commission is asking industry players for information on how Woolworths and PFD compete in the supply and procurement of food and groceries, as well as the possible impact on prices of the planned acquisition. The ACCC is also examining what alternatives there might be to the merged company. Woolworths, listed on the Australian Securities Exchange, is Australia’s largest grocery retailer.The statement from the ACCC follows; the market inquiries letter is attached. ...

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