Australia: ACCC gives PepsiCo green light
Thursday, 1 October 1998
Featured In: October / November 1998 (Vol. 1 Iss. 5)
The ACCC did not intervene in the recent acquisition of Smiths Snackfoods by PepsiCo. Informal clearance was provided to PepsiCo after Frito-Lay Australia divested a portfolio of brands, assets and intellectual property called 'Snack Brands Australia' to Dollar Sweets Holdings. The divestment addressed the ACCC’s concerns that the acquisition, without a simultaneous divestiture, would result in a substantial lessening of competition in a market.
Gaire Blunt/Jenny Zaverdinos
Allen Allen & Hemsley
Sydney
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