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Friday, November 22, 2024

Consultation opens on Woolworths’ proposed acquisition of SUPA IGA Karabar

The ACCC is seeking views from consumers and businesses in the Queanbeyan area on Woolworths’ proposed acquisition of SUPA IGA Karabar.

Woolworths and SUPA IGA Karabar currently compete in supplying groceries in the broader Queanbeyan region (encompassing Karabar and Jerrabomberra).

Post the acquisition, Woolworths is proposing to operate a Woolworths Metro supermarket on the existing SUPA IGA Karabar premises.

The ACCC is seeking views from interested parties about the distance consumers in the area would typically travel to visit supermarkets and bottle shops, the likely impact of the proposed acquisition on pricing or promotions between local stores, and the impact on local suppliers or retail wholesalers.

The ACCC invites submissions from interested parties by 7 September 2022 with their final decision scheduled for 10 November 2022.

More information including how interested parties can share their views is available on the Public Register: Woolworths – SUPA IGA Karabar.

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