Updated Jul 17, 2026 – 12.06pm, first published at 9.39amColes has abandoned talks to acquire pet care business Greencross for about $3.9 billion after investors raised concerns the deal would have drained resources from its core supermarkets business.The listed retailer said on Friday it had ended talks with Greencross’ private equity owner TPG Capital over what would have been Coles’ first major acquisition since chief executive Leah Weckert took the helm three years ago.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Coles abandons $4b Greencross deal after investor backlash
The supermarket operator has ceased discussions to acquire pet care company Greencross after more than nine months of negotiations.
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