CML takeover likely to see ACCC scrutiny
Jonathan ShapiroSenior reporter
An executive at Consolidated Operations Group says a bid for CML Group by private equity owned Scottish Pacific could run into competition issues, and further entrench its dominance of "debt factoring" – an important source of financing for small businesses.
ASX-listed lenders COG and CML were on track to merge before Affinity-owned Scottish Pacific lobbed a rival offer on December 19.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
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