The ACCC will not oppose
"The ACCC looks closely at acquisitions that result in consolidation in local markets and initially identified concerns with this proposed acquisition," ACCC Acting Chair
"However, after taking into account further information from the community and the parties, we were satisfied that the deal would not likely substantially lessen competition for the purchase of take-away alcohol because of the variety of alternatives in the local area."
In relation to the supply of takeaway liquor in the local area around the Beachfront, the ACCC ultimately concluded that a sufficient variety of liquor stores would remain in the area post-acquisition.
"Consumers in the local area would continue to have access to two Coles' Liquorlands and a variety of other liquor stores, operating under a range of banners including Cellarbrations, Thirsty Camel and Bottlemart,"
Overall, three owners of large liquor stores and 11 independently owned small liquor stores would remain in the 5km area of the Beachfront hotel.
"The ACCC will continue to look closely at consolidation in local markets. It is important that local consumers benefit from competition between different stores with different promotions, pricing, ranges and service offerings,"
The ACCC also considered the supply of on-premises services at the
The ACCC also concluded that the proposed acquisition is unlikely to materially affect the competitiveness of other independent liquor stores in Darwin.
In particular, the ACCC considers that removing the
Background
Endeavour (ASX:EDV) is a major Australian alcoholic drinks retailer and hotel operator that operates a portfolio of brands including BWS,
Endeavour also manages over 330 licensed hotels across
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(C) 2023 M2 COMMUNICATIONS, source