The New Zealand Commerce Commission has postponed its rulings on the takeover bids for discount chain The Warehouse Group.

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The commission will delay handing down its decisions on bids from Australian retail group Woolworths and the New Zealand Foodstuffs co-operative until 25 May.


Woolworths, Australia’s largest retail group, acquired a 10% stake in Warehouse last year, while Foodstuffs also owns a 10% stake. Both are looking to acquire 100% of the discounter.


The commission is examining whether an acquisition by either party would substantially lessen competition.


The regulator received an application from the three Foodstuffs co-operatives seeking clearance to acquire Warehouse last December. Woolworths lodged a similar application in January.

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