German retailer Rewe has signalled its interest in the Plus discount chain, should the country’s competition regulator block the sale to local rival Edeka.
Go deeper with GlobalData
Rewe was involved in talks with Plus owner Tengelmann before Edeka struck a deal to acquire the chain, a spokesperson for Rewe told just-food.
“A few weeks ago we talked with Tengelemann about Plus, but Tengelman decided to sell Plus to Edeka,” the spokesperson said.
“Now the German anti-trust office will decide if the deal is perfect or not. If the office stops the deal Rewe is prepared to start talking about Plus,” the spokesperson said.
Representatives of Edeka and Tengelmann will meet at the Federal Cartel Office today (28 April) to argue their case for a merger between Edeka’s discount supermarket chain Netto and Tengelmann’s Plus.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe authorities have expressed a reluctance to approve the planned merger, fearing anti-trust problems. The deal would create Germany’s third-largest discount retailer after Lidl and Aldi.
