Franklins sale to Metcash delayed further

Posted by Josette Dunn on 12th November 2010

The Australian Competition and Consumer Commission (ACCC) has delayed its decision on the proposed sale of Pick n Pay-owned supermarket chain Franklins to Metcash.

The announcement, which was due to be released today, has been pushed back until 18 November.

The A$215m (US$203.9m) deal has faced close ACCC scrutiny as the competition watchdog is concerned that the deal would mean Metcash would have “significantly greater unilateral market power”.

A Pick n Pay spokesperson said that it knew of the postponement “some time back”, but would not be drawn into the reasons behind the delay.

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