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Coles Group Limited (ASX:COL)

ALERT: Price-sensitive ASX Announcement for COL
Current share price for COL : $24.380 0.01 (0.04%)+
Announcement
Release
1 Jul 2026 8:41AM
Price at Release
$24.370
Full Release
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Summary
The Australian Competition and Consumer Commission (ACCC) has opposed Coles Group Limited's proposed acquisition of a leasehold interest for a new supermarket and liquor site in Kalgoorlie-Boulder, Western Australia. The ACCC concluded that this acquisition would likely lead to a substantial lessening of competition in the area. Coles, which already operates a store in Kalgoorlie, planned to develop the site into a large format supermarket and Liquorland store. The ACCC's decision followed an in-depth Phase 2 assessment, noting that the acquisition could cause the exit of an effective independent competitor, thus impacting consumer choice adversely. The mandatory notification for such acquisitions commenced in January 2026, and Coles had voluntarily notified of their intended acquisition in November 2025.
Key Points
  • ACCC opposes Coles' acquisition of a Kalgoorlie site.
  • The acquisition would likely reduce competition in Kalgoorlie.
  • Coles planned to open a large supermarket and Liquorland store.
  • Independent supermarkets provide essential competition.
  • ACCC conducted an in-depth Phase 2 review of the acquisition.
  • Coles operates 860 stores nationwide, including in Kalgoorlie.
  • Coles notified the acquisition in November 2025.
  • Mandatory notification regime started January 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.