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Asia Pacific Competition Highlights - Australia

The ACCC has some new areas of focus, and others which have been carried forward from prior years…

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Ombudsman backs ACCC's concerns over Woolworths' PFD tilt

Date Time
Ombudsman backs ACCC’s concerns over Woolworths’ PFD tilt
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the ACCC is rightly concerned about Woolworths’ proposed acquisition of 65% of PFD Food Services Pty Ltd.
In October, the Ombudsman wrote to the ACCC to formally oppose the $552 million deal, saying it would be detrimental to small businesses in the food distribution space and the economy more broadly.
“We share the ACCC’s competition concerns as detailed in its preliminary statement ahead of its final decision next year,” Ms Carnell says.
“My office has made it clear to the ACCC that the proposed deal would likely add to Woolworths’ already substantial bargaining power in its dealings with food manufacturers.

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