Food retail: Edeka is allowed to take over 178 Tegut supermarkets
The Tegut brand is disappearing. Most of the supermarkets will be operated by Edeka in the future - although not as many as originally planned. The reason for this is concerns on the part of the cartel office.
The German Federal Cartel Office has allowed Edeka to acquire 178 Tegut supermarkets from the Swiss cooperative Migros. Edeka had initially sought to buy 202 stores but the Cartel Office had concerns that this would lead to an excessive market share in some regions, harming competition. As a result, Edeka has agreed not to acquire 24 stores for four years. The acquired stores, mostly located in Hesse, Bavaria, and Thuringia, will be integrated into Edeka's network, with some to be operated by Netto Marken-Discount.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
