AXX: ACCC opposes Coles' acquisition of Kalgoorlie site
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| Stock | Coles Group Ltd (COL.ASX) |
|---|---|
| Release Time | 1 Jul 2026, 8:41 a.m. |
| Price Sensitive | Yes |
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ACCC Opposes Coles' Acquisition of Kalgoorlie Site
Key Points
- ACCC opposes Coles' acquisition of Kalgoorlie site
- Acquisition likely to substantially lessen competition
- Exit of effective independent competitor expected
Full Summary
The Australian Competition and Consumer Commission (ACCC) has decided to oppose Coles Supermarkets Australia Pty Ltd's proposed acquisition of a leasehold interest for a new supermarket and liquor site in Kalgoorlie-Boulder, Western Australia. The ACCC concluded that the acquisition would likely substantially lessen competition in the retail supply of groceries by supermarkets in Kalgoorlie, leading to the exit of an effective independent competitor and reducing competitive constraints on major supermarket chains. Coles had proposed to develop the site to operate a full-line supermarket and liquor store. The ACCC's decision was based on an extensive Phase 2 assessment.
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