Australia's Sigma offers to address regulatory concerns on $6 bln merger with Chemist Warehouse
01/10/2024 24:36
Oct 1 (Reuters) - Australia's antitrust regulator said
on Tuesday Sigma Healthcare SIG.AX had offered
court-enforceable undertaking to address competition concerns
about its proposed merger with Chemist Warehouse Group to form
an A$8.8 billion ($6.09 billion) company.
The proposed undertaking would require Sigma to restrict the
collection and use of confidential data from its wholesale
customers and franchisees for three years, among others, the
Australian Competition and Consumer Commission (ACCC) said.
($1 = 1.4455 Australian dollars)
(Reporting by Himanshi Akhand in Bengaluru; Editing by
Subhranshu Sahu)
((Himanshi.Akhand@thomsonreuters.com;))