South Africa-based grocer Pick n Pay is finally withdrawing from the Australian market. The news comes more than a year after the retailer’s original announcement in July 2010 that it was planning to sell its Franklins supermarket chain to Metcash to focus on growth in Sub-Saharan Africa. Metcash has notified the Australian Competition and Consumer Commission (ACCC) that it will consider itself free to agree with Pick n Pay to waive the condition requiring ACCC approval and complete the transaction.

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