Aug 10 (Reuters) - Australia's antitrust regulator said on Thursday it was concerned BP Plc's
plan to buy the petrol stations of grocery giant Woolworths Ltd (WOW) would hurt competition, a sign it may block the A$1.8 billion ($1.4 billion) deal. The Australian Competition and Consumer Commission (ACCC) said the buyout would cut the number of major rivals selling petrol, reducing the incentive to keep retail prices low.
"As a result, motorists may end up paying more at the pump," ACCC Chairman Rod Sims said in a statement. ($1 = 1.2674 Australian dollars)
News: Australia antitrust regulator raises flags on BP Woolworths petrol buyout
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WOW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$30.20 |
Change
0.200(0.67%) |
Mkt cap ! $43.04B | |||
| Open | High | Low | Value | Volume |
| $30.16 | $30.20 | $29.96 | $41.82M | 1.387M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1200 | $30.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.21 | 4687 | 3 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WOW (ASX) Chart |
