Peter Warren's bid for Wakeling sites moves to Phase 2 Australian review
( June 2, 2026, 04:38 GMT | Official Statement) -- MLex Summary: Peter Warren Automotive’s proposed acquisition of 30 Wakeling Automotive dealership sites has been moved by Australia's competition watchdog to an in-depth Phase 2 review after identifying potential competition concerns. In a Tuesday statement, the Australian Competition & Consumer Commission said the combined entity would control 25 of 33 new car dealerships in Sydney’s Macarthur region, potentially reducing competition in car sales as well as servicing and repairs. The watchdog will now conduct a detailed assessment of market dynamics, local competition and customer travel behavior before reaching a final decision. Submissions are due by June 16.Statement follows. Notification attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.