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Progressive/Woolworths Decision Delayed

Media Release

Issued 6 July 2001/83

Commission to decide on Progressive's proposed acquisition of Woolworths on July 13

The Commerce Commission is now due to make its decision on Progressive Enterprises Limited's application for clearance to acquire Woolworths (New Zealand) Limited on July 13.

The Director of the Commission's Business Competition Branch, Geoff Thorn, said that this is a five working-day extension from the expected date of today, Friday, July 6.

Mr Thorn said that the Commission needed more time to gather and assess information, and Progressive has agreed to the extension.

ENDS




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