After a year-long process, Woolworths has received approval from the competition authority to acquire a majority stake in PETstock, a prominent player in the pet industry. The agreement, initially valued at $586 million, has been revised to $438 million for a 55% share in Petspiration Group, operating as PETstock, totalling an enterprise value of approximately […]
ACCC: Woolworths’ PETstock Acquisition Approved Read More »
Speculation has arisen that Woolworths may be encountering obstacles in its acquisition of Petspiration Group, as the competition regulator has suspended its timeline for a final decision on the matter. This delay may force Woolworths to sell stores in order to gain approval. Industry insiders have suggested that the Australian Competition and Consumer Commission is
Woolworths’ Petspiration Acquisition Delay Sparks Sale Speculation Read More »
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