date:Jul 09, 2013
The ACCC has announced that it will not oppose a proposed acquisition by Woolworths of the Supa IGA supermarket in Hawker (Australian Capital Territory) after concluding that the acquisition would not result in a substantial lessening of competition in any market.
Under section 50 of the Competition and Consumer Act, a corporation must not acquire any assets of a person if the acquisition would have the effect, or be likely to have the effect, of substantially lessening competition in any marke