Coles Group LtdPrivate▼ Negative
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ACCC blocks Coles' acquisition of a supermarket site in Kalgoorlie, reducing its ability to expand and compete.
The Australian Competition and Consumer Commission has issued a Phase 2 determination blocking Coles Supermarkets Australia Pty Ltd from acquiring a leasehold interest over a new supermarket and liquor site in Kalgoorlie-Boulder, Western Australia. The ACCC concluded that the proposed acquisition would likely substantially lessen competition in the retail supply of groceries by supermarkets in Kalgoorlie. Coles had notified the ACCC in November 2025 of its plan to acquire the lease for a vacant site at 95-106 Great Eastern Highway, Somerville. Coles Group shares are currently trading at A$23.18, down 4.90%.
ACCC blocks Coles' acquisition of a supermarket site in Kalgoorlie, reducing its ability to expand and compete.