Coles-Paydock deal approved by Australian competition watchdog
( August 4, 2026, 05:05 GMT | Official Statement) -- MLex Summary: Coles Group has won approval from the Australian Competition & Consumer Commission to acquire the business assets of Australian- and UK-based payment software provider Paydock through its subsidiary Retail Payment Solutions. The acquisition combines Coles' payment processing business with Paydock's payment orchestration platform, which integrates multiple online payment methods and service providers. The watchdog on Monday said the deal is unlikely to substantially lessen competition because the parties have no material horizontal overlap and multiple alternative suppliers would continue to constrain the merged business.The statement follows and the determination is 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.