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Pernod Ricard's buy of Accolade Wines subsidiary cleared by Australian watchdog

( October 25, 2024, 00:24 GMT | Official Statement) -- MLex Summary: Australian winemaking businesses owned by France’s Pernod Ricard will be acquired by Wine HoldCo subsidiary Accolade Wines, after the country’s competition watchdog announced it wouldn’t oppose the transaction. In a statement, the Australian Competition & Consumer Commission said it believed the deal was unlikely to substantially lessen competition in wine-processing and packaging services, nor was it likely to substantially affect competition in the wholesale supply of wine. ACCC Commissioner Philip Williams said that “a number of other businesses” would continue to offer competing wine and processing services, if the deal went ahead.The full Australian Competition & Consumer Commission statement is below, followed by the agency's competition analysis and market definition:...

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