The German Federal Cartel Office has warned that it could move to block the merger of Edeka’s Netto discount supermarkets with Tenegelmann’s Plus stores.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Edeka would have a dominant market position following the merger,” the regulator said in a statement.
Edeka is the market leader in Germany’s food retail industry, holding a 25% market share, the regulator said. The country’s six biggest food retailers control about 90% of the market.
“We have been contacted by the Federal Cartel Office and they have requested that we make a statement in favour of the merger before a final decision is made. We will be doing this and believe that the merger would not limit competition in the retail market,” a spokesperson for Edeka told just-food.
Edeka and Tengelmann revealed their plans to merge their discount chains last year.
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 newly formed joint venture, in which Edeka would hold 70%, would operate 4,100 stores.
