PWK/PIK - Pick n Pay Holdings /Pick n Pay Stores - Pick N Pay victory in Federal
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PWK/PIK - Pick n Pay Holdings /Pick n Pay Stores - Pick N Pay victory in Federal
Court Case regarding Sale of Franklins to Metcash
Pick n Pay Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/009610/06)
Share code: PWK ISIN code: ZAE000005724
Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/008034/06)
Share Code: PIK ISIN code: ZAE000005443
PICK N PAY VICTORY IN FEDERAL COURT CASE
REGARDING SALE OF FRANKLINS TO METCASH
Pick n Pay said today that it welcomed the decision by the Federal Court of
Australia to dismiss an application by the Australian competition regulator, the
Australian Competition and Consumer Commission (ACCC), seeking to prevent
Metcash from acquiring Franklins from Pick n Pay.
The hearing of the application followed commencement of proceedings by the ACCC
in November 2010 opposing the transaction.
For more information please contact:
Tamra Veley on +27 83 251 3658
By order of the board
Cape Town
25 August 2011
Sponsor:
Investec Bank Limited
Date: 25/08/2011 09:33:01 Produced by the JSE SENS Department.
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