ComCom likely to approve Cavalier, NZ Wool Services to merge scouring operations

ComCom likely to approve Cavalier, NZ Wool Services to merge scouring operations
By Suze Metherell March 26 (BusinessDesk) - The Commerce Commission is likely to allow Cavalier Wool Holdings and New Zealand Wool Services International to merge their two wool scouring operations, which would ultimately make a monopoly of wool scouring services in New Zealand. The antitrust regulator found in its draft determination that while the merger would see NZX-listed Cavalier Corp have an essential monopoly on wool scouring, the public benefits outweighs any loss of competition, as rationalisation of the industry would lead to l...