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BRIEF-ACCC will not oppose JB Hi Fi's acquisition of Good Guys

Published 11/08/2016, 10:25 am
Updated 11/08/2016, 10:30 am
© Reuters.  BRIEF-ACCC will not oppose JB Hi Fi's acquisition of Good Guys

Aug 11 (Reuters) - Australian Competition and Consumer Commission:

* Will not oppose JB Hi Fi Limited's proposed acquisition of the Good Guys Discount Warehouses

* Concluded that JB Hi Fi and the good guys generally focus on different product categories and customers

* Found that post-acquisition, customers would have range of alternative retailers of home appliances and consumer electronics

* Did not consider that acquisition would substantially lessen competition in any market

* Considered the potential for the JB Hi Fi home stores to become a larger player in non-electronics in the future

* Source text for Eikon ID:nASX989Ssb

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