ComCom has turned down Foodstuffs' proposed merger of their North and South Island operations.

“The proposed merger would reduce the number of major buyers of grocery products in New Zealand from three to two, reducing the number of buyers for many suppliers to supply their products to, and creating the largest acquirer of grocery products in New Zealand."

https://www.1news.co.nz/2024/10/01/commerce-commission-says-no-to-proposed-foodstuffs-merger/

#NZ #Foodstuffs #ComCom

Commerce Commission says no to proposed Foodstuffs merger

The Commission said it was "concerned about the impact this could have on competition and New Zealand consumers".

1News