The ACCC (Australian Competition and Consumer Commission) has raised initial worries about the proposed acquisition of Adelaide Tools and Oaklands Mower Centre by Bunnings.
- ACCC considers that the acquisition may reduce the competition in the market for tools and outdoor power equipment space in Adelaide;
- The ACCC believes Adelaide Tools as Bunnings’ strongest and closest competitors for the supply of tools and outdoor power equipment;
- The ACCC shall further consider the extent to which other tool and outdoor power equipment retailers will constrain Bunnings and Adelaide Tools post-acquisition;
The ACCC is expected to give its final decision by 23rd April 2020.
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