The $8.8 billion merger will see the combined company operate 700 stores, or 16 per cent of all pharmacies across Australia.
The competition watchdog has given its blessing to Sigma and Chemist Warehouse’s planned merger that would see the combined entity own 16 per cent, or 700, of Australian pharmacies.
“Other pharmacies and non-pharmacy retailers will continue to compete to the same extent they compete now.” Cass-Gottlieb acknowledged that many pharmacists and other industry members had expressed concern about the deal, which was reviewed closely, with Sigma and Chemist Warehouse’s internal documents subjected to detailed analysis.Sigma’s court-enforceable undertaking requires it not to enforce contractual restrictions or expensive fees on pharmacies that want to exit the group and to safeguard and delete the data of those pharmacies that switch.
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