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BRIEF- Australian Competition and Consumer Commission issues statement on GPC Asia Pacific's acquisition of Covs Parts

Published 21/10/2015, 09:23 am
© Reuters. BRIEF- Australian Competition and Consumer Commission issues statement on GPC Asia Pacific's acquisition of Covs Parts
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Oct 21 (Reuters) - Australian Competition and Consumer Commission:

* ACCC releases statement of issues on gpc proposed acquisit AHG.AX

* issued a statement of issues on gpc Asia pacific pty ltd's proposed acquisition of the covs parts business

* statement of issues seeks industry views and further information on certain competition issues which have arisen from the accc's market inquiries to date

* proposed acquisition would raise competition concerns in the supply of Automotive parts and accessories to trade customers

* also considering the likelihood of an Automotive parts provider expanding its supply or entering into any of the local markets

* expects to make a final decision on the proposed acquisition by 26 November

* statement of issues is not a final decision

* Source text for Eikon ID:nASX94mS8W

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