View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
January 2, 2013

GERMANY: Edeka sells Netto stake to Dansk Supermarked

German food retailer Edeka has divested its minority stake in discount chain Netto Stavenhagen.

German food retailer Edeka has divested its minority stake in discount chain Netto Stavenhagen.

The group has sold its 25% stake in the chain to majority shareholder Dansk Supermarked, ending its agreement with the retailer. Edeka bought the stake in 2005, while acquiring Spar Handels from ITM Enterprises.

CEO Markus Mosa said the sale will allow Edeka to “align its strategic focus” on “independent retail and corporate responsibility”.

The retailer operates stores under the Market, Neukauf, Edeka Center, Marktkauf hypermarket, and Netto Marken-Discount banners.

Netto Stavenhagen comprises around 350 stores across north-eastern Germany. Edeka also operates the Netto Marken-Discount chain.

Related Companies

Topics in this article: , , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU