Metcash to buy Franklins after all
Metcash / IGA have been cleared to buy Franklins Supermarkets after the Federal Court ruled against the ACCC’s attempt to block the acquisition. Franklins is owned by South African company Pick n Pay. The court ruling means the 90 Franklins stores (all in NSW) will be returning to Australian ownership, and will be rebadged as IGA. [source]