The Australian Competition and Consumer Commission says it will not oppose Woolworths’ partial acquisition of Ballarat-born business Petstock Group.
The proposal was announced in December last year, with the supermarket chain offering $586 million for a 55 per cent stake in the business.
The Petstock brand was born in the city back in 2002 by brothers David and Shane Young, becoming one of the biggest pet retailers in the country.
Article continues after this ad
Advertisement
The acquisition is set to be completed by early next year.
