The German Bundeskartellamt has cleared a joint venture mutually controlled by EDEKA and Tengelmann subject to suspensive conditions. The undertakings intend to merge the two discount chains ‘Netto Marken-Discount’ and ‘Plus’ and to operate the joint venture under the name ‘Netto Marken-Discount’. The commitment solution stipulates that those outlets that are problematic under competition law must be sold. In addition, the planned purchasing cooperation was denied. The President of the Bundeskartellamt, Dr Heitzer, stated: “With its decision the Bundeskartellamt is taking a clear stand against the growing concentration in the food retail sector. At the same time EDEKA will only be able to expand its purchasing power vis-à-vis its suppliers to a very small extent.”

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