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
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Last
$29.89 |
Change
0.010(0.03%) |
Mkt cap ! $43.04B | |||
| Open | High | Low | Value | Volume |
| $30.11 | $30.19 | $29.79 | $71.33M | 2.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 585 | $29.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.93 | 145 | 1 |
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