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Israel: Antitrust Authority warns it will bar sale of mega supermarket

 |  February 2, 2016

The Israel Antitrust Authority warned Monday it would almost certainly block the discount supermarket chain Rami Levy from acquiring food retailer Mega from court-appointed receivers. Levy, the CEO of the eponymous chain, said the regulators were wrong to bar him.

The warning came amid reports that Levy met with Mega’s receivers last week ahead of an offer to buy the chain, which has 126 stores around the country.

Sources at the authority, who asked not to be named, said Super-Sol, Israel’s biggest food retailer, would also be barred from buying Mega, although Super-Sol has not publicly expressed an interest in entering the contest for Mega, which is due to be sold this month after seeking court protection from creditors in January.

Full content: Haaretz

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