Discount pharmacy retailer Chemist Warehouse will be allowed to merge with Sigma Healthcare to create an $8.8 billion pharmaceutical giant after being approved by Australia's competition regulator.
Discount pharmacy retailer Chemist Warehouse will be allowed to merge with Sigma Healthcare to create an $8.8 billion pharmaceutical giant after being approved by Australia's competition regulator."The ACCC found that, with the undertaking, the proposed merger is unlikely to substantially lessen competition," ACCC chair Gina Cass-Gottlieb said.
"The ACCC's analysis found that the proposed merger is unlikely to substantially lessen competition nationally or locally because other pharmacies and non-pharmacy retailers will continue to compete to the same extent they compete now." In June, the ACCC expressed concerns that the deal could significantly reduce competition and result in higher prices.
Sigma Healthcare Sigma Accc Australian Competition And Consumer Commission Amcal Pharmasave Good Price Pharmacy Warehouse Chemist Pharmacy Discount Drug Store Merger Competition Prescriptions Medication Guardian
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chemist Warehouse goes to war with credit card feesThe pharmacy and retailing giant pays $15 million in transaction costs every year. Now it has signed on to a new NAB-backed system that circumvents them.
Read more »
Chemist Warehouse introduces QR code payments7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Chemist Warehouse opens first store in Dubai, stocked with Australian productsThe store features pharmacy dispensary services and a range of leading Australian brands.
Read more »
Chemist Warehouse makes big change at the checkoutChemist Warehouse has announced it will introduce a new form of payment at the checkout involving QR codes which will allow customers to bypass surcharges.
Read more »
Chemist Warehouse is about to introduce QR code payments. They could soon be all over AustraliaAnd it could soon be in use all over the nation, according to one expert.
Read more »
Police find vapes worth $8m after being called to Melbourne warehouse robberyAbout 200,000 e-cigarettes found in Box Hill South after officers were told of reported burglary on Thursday
Read more »