Friday 24 September 2010

Silverwater. Franklins sale may be piecemeal

South African retailer Pick n Pay will be forced to break up the struggling Franklins supermarket chain and sell the stores on a piecemeal basis if a proposed $215 million sale the Metcash, based at Silverwater, is blocked by the ACCC, according to The Australian Financial Review. The ACCC fears the deal could substantially lessen competition in the NSW grocery wholesaling market.

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