The Australian Competition and Consumer Commission is inviting members of the public to attend a consumer forum as a part of its consideration of the proposed acquisition of nine Supabarn supermarkets by Coles.
The consumer forum will be held on Monday 3 August 2015 from 6pm – 8pm at QT Canberra Hotel.
The purpose of the forum will be for the ACCC to hear directly from consumers about their views on the proposed acquisition and any effect it would have on competition. The ACCC commenced a public review of the proposed acquisition on 22 June 2015.
Consumers wishing to attend the forum are asked to please register using the online form before Friday 24 July 2015. Further details will be provided to attendees after registration.
For consumers who are unable to attend the forum, the ACCC also welcomes written submissions which can be made following the instructions on the ACCC’s mergers public register. The public register contains more details about the ACCC’s review, and will be updated as the review progresses.
Supabarn is a privately-owned supermarket operator that owns and operates a number of stores in the ACT and NSW.
Coles is proposing to acquire Supabarn stores in the ACT in:
- Canberra Centre
- a proposed supermarket site at Casey in the ACT.
Coles is also planning to acquire four Supabarn supermarkets in Sydney. Many Supabarn stores are full-line supermarkets of a similar size to a typical Coles or Woolworths store and include a liquor section.
The ACCC reviews mergers and acquisitions to determine whether they are likely to substantially lessen competition, in contravention of section 50 of the Competition and Consumer Act 2010.
In its review, the ACCC will take into account a range of factors to do with competition in the relevant market. These include the competitive constraint previously imposed by the business to be acquired, who is planning to acquire the business and what other competitors would remain in the market.
The ACCC proposes to release its decision about the proposed acquisition on 10 September 2015.