The Australian Competition and Consumer Commission will not intervene in the sale by Davids Limited of four of its Northern Territory and Queensland supermarkets to Coles Myer Limited.
The supermarkets are the Jewel stores at Alice Springs, Northlakes and Casuarina (Darwin) and Bundaberg in Queensland.
"The ACCC does not believe the proposed acquisitions will be likely to result in a substantial lessening of competition in the relevant markets," ACCC Chairman, Professor Allan Fels, said today.
"The acquisition will result in only a marginal increase in Coles Myer's market share in the Territory from 15 per cent to 22 per cent and an almost negligible increase in its overall market share in Queensland.
"Coles Myer will continue to face competition from Woolworths, Foodland and Welcome Mart stores in Alice Springs, from Woolworths and Foodland stores in Darwin and from Woolworths, Franklins and Four Square in Bundaberg."
The supermarkets are the Jewel stores at Alice Springs, Northlakes and Casuarina (Darwin) and Bundaberg in Queensland.
"The ACCC does not believe the proposed acquisitions will be likely to result in a substantial lessening of competition in the relevant markets," ACCC Chairman, Professor Allan Fels, said today.
"The acquisition will result in only a marginal increase in Coles Myer's market share in the Territory from 15 per cent to 22 per cent and an almost negligible increase in its overall market share in Queensland.
"Coles Myer will continue to face competition from Woolworths, Foodland and Welcome Mart stores in Alice Springs, from Woolworths and Foodland stores in Darwin and from Woolworths, Franklins and Four Square in Bundaberg."