Eli Greenblat
14 December 2017
The Australian
BP Australia president Andy Holmes has vowed to “escalate” its legal campaign to acquire Woolworths’ petrol stations after an informal merger proposal was opposed by the competition regulator this morning, and is set to challenge the ruling in court.
Mr Holmes told The Australian this afternoon he had some “fundamental concerns’’ about the Australian Competition and Consumer Commission’s analysis that led it to its decision, and that he would soon reveal his next step that would likely see the matter taken to the Federal Court or the Australian Competition Tribunal.
He said that Woolworths (WOW) was fully supportive of his view that the ACCC’s opposition to the deal should be taken to a court or tribunal where a decision would be made on the evidence of the case.
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