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Coles nears $4b Greencross deal as watchdog flexes new powers
Shares in the supermarket giant fell more than 4 per cent after it confirmed the talks with TPG Capital and after the ACCC blocked site development plans.
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Timeline cronologica
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Supermarket giant Coles in talks to buy TPG’s $4b Greencross
Coles, which was spun off by Wesfarmers in 2018 and is run by Leah Weckert, approached buyout giant TPG almost a year ago.
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Coles in talks to buy $4b Greencross; Winning appoints IPO bankers; Make the most of your peak earning years
Read everything that’s happened in the news so far today.
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Who let the dogs out? The ASX just lost another big IPO candidate
Australia’s IPO pipeline was already looking pretty thin. Now supermarket giant Coles looks set to acquire TPG’s Greencross to the displeasure of its investors.
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Coles nears $4b Greencross deal as watchdog flexes new powers
Shares in the supermarket giant fell more than 4 per cent after it confirmed the talks with TPG Capital and after the ACCC blocked site development plans.