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Coles' lease bid first supermarket deal to face Phase 2 under Australia's merger rules

By Saloni Sinha ( January 30, 2026, 05:22 GMT | Insight) -- Coles Group’s proposed leasehold acquisition of a supermarket and liquor site in the state of Western Australia has been referred to a Phase 2 review under Australia’s new mandatory merger regime after the competition regulator raised concerns the deal could substantially lessen competition in the local grocery market. This \is the first supermarket deal to be reviewed in depth since the Australian government announced additional targeted merger-notification requirements, under which major supermarket chains must notify the competition regulator of any mergers regardless of monetary thresholds.Coles Group’s proposed leasehold acquisition of a supermarket in the state of Western Australia has been referred to a Phase 2 review under Australia’s new mandatory merger regime after the competition regulator raised concerns the deal could substantially lessen competition in the local grocery market....

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