The Commerce Commission has published a statement of preliminary issues relating to an application from Fletcher Distribution Limited (FDL) seeking clearance to acquire the six ITM stores, and a frame and truss manufacturing plant, from Tumu Merchants Limited (Tumu).
The ITM stores are located in Gisborne, Napier, Hastings, Havelock North, Dannevirke and Masterton and the manufacturing plant is located in Hastings.
The statement outlines the key competition issues that the Commission considers important in deciding whether or not to grant clearance to the proposed acquisition.
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