ACCC Review of Wakeling Automotive Acquisition
Key points
- ACCC has not concluded its review of the acquisition
- Phase 2 review will be conducted for 90 business days
- Peter Warren and Wakeling will cooperate with ACCC
Full summary
Peter Warren Automotive Holdings Limited (ASX: PWR) announced that the Australian Competition and Consumer Commission (ACCC) has not yet concluded its review of PWR's proposed acquisition of Wakeling Automotive, announced on 19 December 2025. The ACCC has indicated it will proceed to a Phase 2 review, which involves a more detailed assessment of the acquisition. This Phase 2 assessment period will last up to 90 business days, unless extended under certain circumstances. Both Peter Warren and Wakeling Automotive will continue to work with the ACCC to address any competition concerns or matters arising during this period.
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