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Germany: Regulator rejects concessions offered by Edeka

By  |  March 29, 2015

Germany’s competition regulator has rejected concessions offered by the country’s biggest supermarket group Edeka to win approval for its planned acquisition of grocery chain Kaiser’s, weekly magazine Focus reported on Saturday.

Retail group Tengelmann said in October it would sell Kaiser’s to Edeka, but Germany’s Federal Cartel Office has voiced concern such a deal would limit competition in cities like Berlin and Munich, giving Edeka a market share of more than 10 percent in some places.

It also risked limiting competition in purchasing, the regulator has said.

 

Full Content: RP Online

 

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