A study by Israel’s Antitrust Authority suggests the nation’s two largest supermarket chains could be forced to divest dozens of locations ahead of the implementation of the new Food Law, reports say.
The Authority’s study, the results of which were released Wednesday, found several geographical areas where Mega and Super-Sol control more than 50 percent of the market together. Reports say the grocers own 47 stores in these locations that will be found to be in violation of the new Food Law, which will enter into effect in early-2015.
The new legislation defines super-concentrated market areas in the food industry. According to sources, the Authority will soon request more up-to-date information from the supermarket chains.
Full content: Haaretz
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Fines Meta $10.4 Million for Abusing Market Dominance
May 6, 2024 by
CPI
Canadian Watchdog Launches Inquiry into Lululemon’s Greenwashing Practices
May 6, 2024 by
CPI
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI