ACCC reviewing Woolies' liquor deal

Published on Tue, 22/11/2011, 04:00:19

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By James Atkinson

Woolworths is seeking approval from Australia's competition watchdog to acquire a takeaway liquor licence in an area in which it already operates three liquor stores.

Woolworths proposes to acquire the licence located at Rocherlea in Tasmania's north, which currently trades as Black Stallion Hotel Drive-Thru Bottleshop under the Big Bargain Bottleshop banner.

The supermarket chain operates three BWS liquor stores within a five-to-ten kilometre radius of the target licence.

As such, the deal requires merger clearance under federal competition legislation, which prohibits acquisitions that could substantially lessen competition in the area.

The Australian Competition and Consumer Commission (ACCC) has invited submissions from interested parties on the proposed acquisition.

Submissions close December 1, ahead of a December 22 decision date.

This article first appeared on TheShout.com.au


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