ACCC raises competition concerns over Sigma Healthcare's $8.8bn merger with Chemist Warehouse.
The Australian Competition and Consumer Commission (ACCC) has expressed concerns over Sigma Healthcare's proposed $8.8bn merger with Chemist Warehouse, the country's largest pharmacy retailer. The ACCC believes the deal could stifle competition in the retail and wholesale pharmacy sectors by allowing the newly formed giant to supply competitors while potentially offering favourable terms to Chemist Warehouse stores and raising costs for rivals. The merger has the potential to result in the closure of chemists due to reduced competition.
June 13, 2024
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