The Australian Competition and Consumer Commission raised concerns on the proposed acquisition of Rye Hotel by Endeavour Group (ASX:EDV).

There are fears that the planned purchase could result in a substantial decrease in competition in the local Rye area for takeaway liquor.

The impact of the proposed acquisition on the competitiveness of other stores operating under the Thirsty Camel brand is also being reassessed by the commission.

The Endeavour Group’s shares (ASX:EDV) have fallen by around 18% this year.

Endeavour Group (ASX:EDV) is a leading company in the hospitality industry.