Stricter Conditions on the Merger of Discount Stores Plus and Netto
Decreased ownership, 370 stores to sell, not a joint purchasing – this are the most important conditions by German Cartel Office for giving green line on 20 June.
It said the cartel office will not allow Netto-owner Edeka and
Plus's parent Tengelmann to undertake joint purchasing under the
proposed deal to combine Plus and Netto. The office also has
misgivings about Tengelmann's plan to own a 30 percent shareholding
in a company that would be jointly formed and managed with Edeka, it
added. Tengelmann has to sell 370 Plus stores out of the total 2,900
in Germany.
Related news
Related news
The Fressnapf group opened a customer service center in Pécs
Fressnapf International Business Services Kft., a subsidiary of the German…
Read more >DHL arrived at the Hungaroring for the Formula 1® weekend with a doubled fleet of trucks powered by biofuel
DHL and Forma-1® are already in Mogyoród, the FORMA-1® HUNGARIAN…
Read more >McDonald’s is renewed and growing
McDonald’s is constantly opening new restaurants and modernizing its existing…
Read more >