ACCC concerns about ABC acquisition of Hutchison's addressed by child care centre divestitures.

0 Comments | M2 Presswire, September, 2006

M2 PRESSWIRE-8 September 2006-ACCC: ACCC concerns about ABC acquisition of Hutchison's addressed by child care centre divestitures(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:08092006 ABC Learning Centres Limited has provided a court-enforceable undertaking to divest seven long day child care centres in five regional areas, mainly in Queensland, to address Australian Competition and Consumer Commission concerns about ABC's acquisition of Hutchison's Child Care Services Ltd.

"The ACCC considers that this undertaking is necessary to ensure that prices for long day child care services in these areas do not rise as a result of the merger and that, in particular, parents in regional areas continue to have a choice of long day child care services for their...