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Regulator's report confirms breaking up supermarkets ineffective, Australian ministers say

( March 21, 2025, 01:28 GMT | Official Statement) -- MLex Summary: The final supermarkets review report published today by the Australian antitrust regulator does not support a divestiture power, Australian ministers say. In a joint statement published today, Australian Treasurer Jim Chalmers, Assistant Minister for Competition Andrew Leigh and Minister for Agriculture Julie Collins said that while the Australian Competition & Consumer Commission’s inquiry confirms the market dominance of the big supermarkets including Coles Group and Woolworths Group, the 441-page report does not support the claim that breaking up supermarkets will help consumers. The statement added that the government agrees in principle with the recommendations.The full statement by the Australian Treasurer Jim Chalmers, Assistant Minister for Competition Andrew Leigh and Minister for Agriculture Julie Collins follows:...

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