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Germany: competition watchdog could block Edeka’s bid for Kaiser’s

By  |  February 17, 2015

Germany’s competition watchdog could block plans by the country’s biggest supermarket group Edeka to buy grocery chain Kaiser’s unless the retailers address its concerns about market dominance, it said on Tuesday.

Retail group Tengelmann said in October it would sell Kaiser’s to Edeka for US $2.1 billion. The watchdog has looked closely at retail takeovers due to its concerns about market concentration and began investigating the Edeka deal when it was announced.

The retailers have until February 26th to respond to watchdog and could offer concessions such as selling off certain stores. The regulator is due to make a final decision on March 6th.

Full Content: Reuters

 

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