Woolworths Limited - proposed acquisition of Ritchies Super IGA in Kelvin Grove QLD
Type of assessment
Informal Review
Reference
30521
Acquirer(s)
Woolworths Limited
Target(s)
Ritchies Super IGA in Kelvin Grove QLD
Industry
Retail Grocery Industry
Summary
Woolworths Limited proposes to acquire the Super IGA supermarket, Ritchies Super IGA in Kelvin Grove, Queensland.
Outcome of assessment
Not opposed
Total review days *
13
Commenced public review
16th January 2008
Date completed
4th February 2008
Market definition
The ACCC considered the impact of the proposed acquisition in the local supermarket market surrounding the Super IGA located within the Kelvin Grove Urban Village on Musk Avenue, Kelvin Grove, Queensland. Kelvin Grove is located approximately two kilometres north of the Brisbane CBD. The ACCC also considered the impact of the proposed acquisition in the relevant Queenland market for procurement for products sold in supermarkets.
Competition analysis
The ACCC considered that the proposed acquisition would be unlikely to result in a substantial lessening of competition in any of the relevant markets. Among other things, the ACCC took into account the existence of other competitors in the relevant local area which would pose a competition constraint on Woolworths post acquisition.
Review timeline
Date
Event
16th January 2008
ACCC commenced review under the Merger Review Process Guidelines.
25th January 2008
Closing date for submissions from interested parties.
4th February 2008
ACCC announced it would not oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
