Jardines sells Australian supermarket chain

JPMorgan is close to completing one of the year''s more challenging M&A transactions.
June 18, 2001
When JPMorgan took on the role of adviser to Jardine Matheson subsidiary Dairy Farm, in its bid to sell off its ailing Australian supermarket chain Franklins, many could have been forgiven for thinking this was the M&A equivalent of a poison chalice.

Buyers looked thin on the ground, especially since the Australian Competition and Consumer Commission (ACCC) had made it clear that the chain’s 255-store network could not be sold en masse to either of the major chains, Coles and Woolworths.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media