Germany’s competition watchdog has approved the merger of Tengelmann’s Plus discount stores with Edeka’s Netto chain.
Go deeper with GlobalData
“After eight months of delay, the merger will now progress. We expect completion in January,” a spokesperson for German retailer Tengelmann told just-food.
Germany’s Federal Cartel Office had held up the deal over concerns that it would restrict competition.
“There was a concern that Edeka would have a dominant market position in a number of local markets following the merger,” a spokesperson for the regulator said.
However, following a number of disposals – including the sale of 328 Plus outlets to rival Rewe – and the planned closure of 33 more stores, the merger has been approved.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe remaining Plus stores will be transferred to the joint venture, in which Edeka will be the senior partner.
