The Australian Competition Authority approves the proposed acquisition of four hotels by an alcohol retailer and hotel operator following a promise to spin off a bottle shop business (Endeavour / Beach Hotel / Tower Hotel)

Endeavour revises acquisition of four hotels in South Australia* The ACCC will not oppose the proposed acquisitions of the Beach Hotel and Tower Hotel by Endeavour Group Limited (ASX:EDV), after accepting a court-enforceable undertaking offered by Endeavour to divest its BWS Seaford bottle shop. During the ACCC’s review, Endeavour revised its acquisition proposal and offered to divest the BWS Seaford bottle shop, in order to expedite the ACCC’s review. Under the revised proposal, Endeavour has also withdrawn its proposal to acquire two other