Metcash, ACCC to fight it out in court

Metcash Limited (Metcash) has said that the ACCC had undertaken to commence proceedings to seek an injunction against Metcash’s proceeding with the acquisition of the shares of Interfrank Group Holdings Pty Ltd, the owner of the Franklins chain of supermarkets, from Pick n Pay Retailers (Pty) Ltd.

 

Chief executive officer of Metcash Andrew Reitzer said: “Metcash is delighted to have the opportunity for the Federal Court to determine whether we can proceed with the transaction. We clearly have different views to the ACCC regarding the Australian grocery market and what will ultimately be in the best interests of all consumers.

 

“We consider that it will be in all parties’ interests for these issues to be authoritatively determined by the Federal Court as soon as possible,” he said.

 

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