"The two month extension has been agreed in light of the fact that the parties are still awaiting judgment in their Federal Court action in Australia with the ACCC (Australian Competition and Consumer Commission)," Pick n Pay said on Friday, 29 July.
The commission blocked Pick n Pay's R1.4 billion sale of Franklins to Metcash last year, saying that the deal could mean a significant lessening of competition through the removal of Metcash's closest competitor in the New South Wales groceries sector.
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