Turners & Growers And United Flower Auction
Turners & Growers applies for clearance to acquire United Flower Auction assets
The Commerce Commission today received an application for clearance to merge two flower auction businesses in Auckland.
Turners & Growers Limited has applied for clearance to acquire the businesses and certain assets of United Flower Auction Limited, excluding its export business.
The Commission's Commerce Act Manager, Geoff Thorn, said that the Commission expects to make its decision by July 19.
Mr Thorn said that the Commission must determine what are the relevant markets for the proposal and what impact the acquisition would have on competition in those markets.
The Act prohibits business
acquisitions that result in dominance being acquired or
strengthened in any markets. A clearance is granted if the
Commission is satisfied that dominance would not be acquired