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Coles Group's Proposed Acquisition of New South Wales Shopping Center Lease Under Phase One ACCC Review

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Coles Group's (ASX:COL) proposed acquisition of a leasehold interest in a New South Wales shopping center is under a phase one review by the Australian Competition and Consumer Commission (ACCC), the regulator said Tuesday.

Australian private company Minto Marketplace operates Minto Mall, a shopping center that is currently anchored by Woolworths Group (ASX:WOW) and Kmart.

The proposed Coles supermarket at the Minto Mall is expected to open on March 1, 2028.

The ACCC has launched a consultation on the deal that runs through June 16, and the phase one assessment is due to end by July 21.

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