Chemist Warehouse and Sigma $8.8 Billion Merger Approved

Published on November 9, 2024

The Australian Competition and Consumer Commission (ACCC) has given the green light for Chemist Warehouse and Sigma Healthcare’s $8.8 billion merger, concluding that the deal will not reduce competition in the pharmacy sector. Chemist Warehouse runs a pharmacy franchise model, and Sigma operates similar franchises, including Amcal+ and Discount Drug Store. “The ACCC’s analysis found that the proposed merger is unlikely to substantially lessen competition nationally or locally because other pharmacies and non-pharmacy retailers will continue to compete to the same extent they compete now,” ACCC Chair Gina Cass-Gottlieb said The approval process saw Sigma’s legal team, led by Elizabeth Avery and Liana Witt, working closely to secure ACCC clearance....

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