ACCC seeks court injunction over Franklins / Metcash merger

  • September 14, 2011
  • Matt Paish

The Australian Competition and Consumer Commission (ACCC) has applied to the Federal Court for an interim injunction restraining Metcash’s proposed acquisition of the Franklins supermarket chain.

The ACCC was given notice on Sunday 11 September by Metcash that after the expiry of five business days Metcash considers itself free to agree with Pick n Pay to waive the condition requiring ACCC approval for its proposed acquisition of the Franklins supermarket business.

In a statement, the ACCC said it has applied for the injunction “in order to preserve the existing state of affairs until the appeal is heard and determined”.

The ACCC has lodged an appeal against a Federal Court decision to allow Metcash to acquire the Franklins supermarket chain.


Bookmarks

  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Furl
  • Netvouz
  • NewsVine
  • Reddit
  • Fark
  • Propeller
  • Slashdot
  • StumbleUpon
  • Technorati

Reader Comments

Australian Food News reserves the right to edit or not publish comments of a potentially offensive or defamatory nature. Comments will not be published if name and email address has not been provided (name and email will be withheld if requested).

The opinions expressed below are those of Australian Food News readers and do not necessarily reflect those of Australian Food News.

One Response to “ACCC seeks court injunction over Franklins / Metcash merger”

  1. Paul on September 15th, 2011 10:19 am

    The ACCC have a lot to answer for. If they don’t allow this sale to go ahead how can they justify the approval of Coles and Woolworths to dominate the market place with petrol stations and liquor outlets. They hold the majority share of these markets not allowing fair and competitive pricing unless it suits them.

    Would the ACCC fight the big two if they were vying for Franklins???