German Advisory Body Signals Divergence From FCO on Edeka/Tegut Approval
44 Articles
44 Articles
The Monopoly Commission criticizes the dominance of Edeka, Aldi, Rewe and Lidl in the German food trade. Edeka takes over many Tegut locations, which increases market power and carries risks for consumers.
With the approved acquisition of 178 Tegut markets by Edeka, the market conditions in Frankfurt are shifting. The future of eleven locations in Hesse is still open.
The Antitrust Office releases the majority of the deal. Tegut needs other buyers for 24 locations – and for suppliers the product range question begins.
Kreiszeitung
The Federal Cartel Office has allowed Edeka to purchase 178 Tegut branches. However, in 24 markets, the authorities prohibited the purchase.
300 Tegut branches are for sale. Edeka wants to take over more than 200 of them. The Cartel Office checks the case and agrees - under slightly changed conditions. Many employees can now probably breathe.
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