Australia's Woolworths Group plans for Petstock acquisition faces public review
( January 24, 2023, 23:12 GMT | Official Statement) -- MLex Summary: Australian retailer Woolworths Group's plans to acquire a 55 percent interest in Petstock is facing a public merger review, the Australian competition regulator has announced. In an update to its public merger review register, the Australian Competition & Consumer Commission invited feedback on the proposed merger by Feb. 14 and has set a deadline for an announcement of April 20. Petstock, also known as Petspiration Group, is an Australian and New Zealand pet-product retailer. Woolworths and Petspiration both supply pet food, pet accessories and pet health products in Australia.An excerpt from the Australian Competition & Consumer Commission's dedicated webpage for the review follows....
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