Woolworths’ acquisition of Absolute Pets received a nod from the Competition Commission, paving the way for the retailer to accelerate its position in one of the fastest-growing areas.

On Friday, the commission said it had recommendedthat the Competition Tribunalapprove Woolworth’s proposal to buy a93.45% stake in the company from Sanlam Private Equity and Absolute Pets management, saying that the proposed transaction is unlikely to substantially lessen or prevent competition in any market...

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