Peter Warren-Wakeling Automotive Acquisition Requires ACCC Phase 2 Review
Key points
- ACCC Phase 1 assessment did not approve acquisition
- Phase 2 review needed due to potential competition impact
- Combined entity would dominate Macarthur region dealerships
- ACCC seeks public submissions by 16 June 2026
Full summary
Peter Warren Automotive Holdings Limited's proposed acquisition of 30 new car dealership sites from Wakeling Automotive Group has been moved to Phase 2 review by the Australian Competition and Consumer Commission (ACCC). The ACCC found that the acquisition could substantially lessen competition in the supply of new cars and servicing in the Macarthur region. A combined entity would operate 25 out of 33 new car dealerships in the region. The ACCC invites submissions by 16 June 2026 and will continue to assess the acquisition's impact.
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