Aussie watchdog concerned over Chemist Warehouse takeover
Reduced service quality for goods and services in pharmacies across sector and higher prices for consumers just some of the worries for ACCC about proposed merger.
ASX-listed Sigma Heathcare’s proposed takeover of the unlisted Chemist Warehouse is worth A$8.8 billion.
Thousands of independent pharmacies could be damaged and competition across Australia’s pharmacy sector lessened if ASX-listed Sigma Heathcare is allowed to take over the unlisted Chemist Warehouse, creating a vertical integrated giant, according to the Australian Competition and Consumer
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