Metcash Acquires Peries Group for A$80 Million-A$85 Million
Jefferies analyst Michael Simotas says Metcash’s acquisition of Peries Group, which owns 15 IGA supermarkets in Queensland, may help prevent sales leaving the IGA network for a competitor.
Metcash is playing defense with its A$80 million-A$85 million acquisition of Peries Group, which owns 15 IGA supermarkets in Australia's Queensland state, suggest Jefferies. Metcash likely wanted to prevent sales leaving the IGA network to a competitor, analyst Michael Simotas says. Peries's superm…