ACCC chief raises concentration concerns

( October 27, 2016, 04:38 GMT | Official Statement) -- MLex Summary: Citing new data showing that the revenue of Australia’s largest 100 listed companies increased from 27 percent of GDP in 1993 to 47 percent of GDP in 2015, Australian Competition & Consumer Commission chief Rod Sims questioned the view that there was no need to be concerned with increasing concentration. The prevailing wisdom, he said, should still be that mergers resulting in high levels of concentration in markets with substantial barriers to entry would usually reduce competition and cause harm to consumers and the economy.The regulator's speech is attached. ...

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