The ACCC

Metcash Trading Limited - proposed acquisition of Interfrank Group Holdings Pty Ltd (Franklins)

Type of assessment

Informal Review

Reference

42640

Acquirer(s)

Metcash Trading Limited

Target(s)

Interfrank Group Holdings Pty Ltd (Franklins)

Industry

Supermarkets

Summary

On 29 July the ACCC commenced a review of Metcash Trading Limited's proposed acquisition of the Franklins supermarket business. Metcash is Australia's largest wholesaling and distribution company servicing independent grocery retailers throughout Australia, including those under the IGA and Supa IGA banners. Franklins operates 80 corporate owned and 8 franchised Franklins supermarkets in NSW, and is currently owned by Pick n Pay Retailers (Pty) Ltd, South Africa's largest retailer.

Outcome of assessment

Opposed

Total review days *

Commenced public review

29^th July 2010

Date completed

17^th November 2010

Market definition

Please see below.

Competition analysis

This matter was the subject of litigation in the Federal Court in 2010 and 2011 [NSD 1714/2010, NSD 1533/2011]. Please refer to the Federal Court's published judgments in those matters for further details about the ACCC's analysis of this matter.

Statement of issues

Statement of Issues
22^nd September 2010
MER10+2347.pdf (146.7 KB)

Related media releases

ACCC to oppose Metcash proposed acquisition of Franklins supermarkets
The ACCC today announced it will oppose the proposed acquisition of the Franklins supermarket bus...
Issued: 17^th November 2010 Release # NR 250/10

Review timeline

Date	Event
29^th July 2010	ACCC commenced review under the Merger Review Process Guidelines.
19^th August 2010	Closing date for submissions from interested parties.
8^th September 2010	ACCC timeline suspended to await further information from the merger parties.
15^th September 2010	ACCC received further information from merger parties. ACCC timeline recommenced.
22^nd September 2010	ACCC published Statement of Issues outlining its preliminary competition concerns with the proposed acquisition.
14^th October 2010	Decision date delayed from 11 November 2010 to 18 November 2010 to allow for the provision of documents by the merger parties.
15^th October 2010	Closing date for submissions in relation to the Statement of Issues.
18^th October 2010	ACCC timeline suspended to await further information from the merger parties.
21^st October 2010	ACCC received further information from the merger parties. ACCC timeline recommenced.
17^th November 2010	ACCC announced it would oppose the proposed acquisition.

* Total Review days = Total business days less public holidays and time during which the review was suspended.

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