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CW Group-Sigma Healthcare deal could harm wholesale markets, Australian watchdog warns

( June 13, 2024, 00:09 GMT | Official Statement) -- MLex Summary: The proposed merger between pharmacy giant CW Group, the owner of the Chemist Warehouse franchise, and the publicly listed Sigma Healthcare could harm pharmacies currently supplied by Sigma and lead to a substantial lessening of competition, Australia’s antitrust regulator has warned. In a statement of issues signaling the start of an in-depth review, the Australian Competition & Consumer Commission said that while Sigma us currently incentivized to maximize wholesale sales, after the transaction the independent pharmacies it supplies will also be competitors to Chemist Warehouse. The ACCC has set Sept. 5 as the deadline for a final decision.  The ACCC's statement of issues is attached; the full statement from the ACCC follows: ...

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