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Woolworths acquires New Zealand's Beak & Johnston, with regulators approving the deal due to minimal competition concerns.
The New Zealand Commerce Commission approved Woolworths' acquisition of Beak & Johnston, a producer of ready meals, soups, and slow-cooked meats.
The commission concluded that the deal wouldn't significantly harm competition in New Zealand markets.
It found that Woolworths wouldn't restrict rival retailers' access to these products and that competitors could still source from other suppliers.
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Woolworths adquiere a Beak & Johnston de Nueva Zelanda, con los reguladores aprobando el acuerdo debido a preocupaciones mínimas de competencia.