The Australian Competition and Consumer Commission (ACCC) is reviewing retailer Woolworths' proposed 55% stake buy in PETstock. The concerns relate to PETstock's acquisitions of Best Friends Pets, Pet City, Animal Tuckerbox and Pet and Aquarium Warehouse in Eltham, Victoria between 2017 and 2022 that were not notified to the ACCC, the watchdog said.
The Greens and crossbenchers have sided with Labor to end a Senate inquiry into the government s decision to block extra flights into Australia from Qatar Airways, sparing former Qantas CEO Alan Joyce from a potential summons.
Qantas Airways will drop its A$611 million ($387 million) plan to buy out charter flight operator Alliance Aviation Services, the companies said on Thursday, months after Australia's competition regulator blocked the deal. The Australian Competition and Consumer Commission (ACCC) had in April denied authorisation for the acquisition, saying the deal was likely to push prices up and service quality down. "The attempted takeover of Alliance was never going to be an easy endeavour given the stance of the ACCC on the matter," said Tim Waterer, chief market analyst at KCM Trade.