{"id":805665,"date":"2026-07-17T07:54:17","date_gmt":"2026-07-17T07:54:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/805665\/"},"modified":"2026-07-17T07:54:17","modified_gmt":"2026-07-17T07:54:17","slug":"greencross-coles-ends-talks-for-reported-4-billion-deal-with-pet-company","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/805665\/","title":{"rendered":"Greencross: Coles ends talks for reported $4 billion deal with pet company"},"content":{"rendered":"

Supermarket giant Coles has walked away from discussions with Australia<\/a>\u2019s largest pet company about a potential $4 billion acquisition.<\/p>\n

Coles<\/a> confirmed earlier this month was in discussions with TPG Capital about a potential buyout of Greencross Pet Wellness Company.<\/p>\n

\"MOUNT<\/p>\n

Coles has walked away from discussions with Australia\u2019s largest pet company about a potential acquisition deal.\u00a0Getty<\/p>\n

The supermarket confirmed in a statement to shareholders this morning those talks have since ended.<\/p>\n

Shares in Coles jumped by more than 4 per cent to $23.52 after the announcement.<\/p>\n

\u201cColes applies a disciplined approach to acquisitions, and as one of Australia\u2019s leading retailers, regularly assesses strategic opportunities that may complement its existing business,\u201d a spokesperson said.<\/p>\n

Greencross Pet Wellness Company owns 267 retail stores across\u00a0Australia<\/a>\u00a0and\u00a0New Zealand<\/a>, including Petbarn and City Farmers.<\/p>\n

Outside of\u00a0retail<\/a>, Greencross owns more than 140 vet clinics and 24 animal hospitals.<\/p>\n

The pet care company also owns\u00a0132 grooming salons, 114 puppy schools, four crematorium facilities, 166 DIY dog washes, 15 mobile dog washes and a specialist pathology centre which services\u00a0veterinary clinics nationally.\u00a0<\/p>\n

The\u00a0Australian Financial Review<\/a> reported earlier this month the supermarket giant\u00a0approached TPG almost a year ago.<\/p>\n

The newspaper reported that although the sale price was unclear, TPG was understood to be targeting about $4 billion, the valuation at which it was looking to float the company last year.<\/p>\n","protected":false},"excerpt":{"rendered":"Supermarket giant Coles has walked away from discussions with Australia\u2019s largest pet company about a potential $4 billion…\n","protected":false},"author":2,"featured_media":805666,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-805665","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/805665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=805665"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/805665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/805666"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=805665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=805665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=805665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}