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Rewe approved to acquire 38 Tegut supermarkets
The German Federal Cartel Office has approved the acquisition of 38 Tegut supermarkets by the Rewe Group. This decision is part of a larger divestment process by the Swiss cooperative Migros, which is withdrawing from the German retail market.
To prevent a significant deterioration of competitive conditions in specific regions, Rewe has committed to a four-year ban on acquiring two specific Tegut locations in Marburg and Schlüchtern. The regulator noted that the acquisition will increase Rewe's nationwide procurement volume by less than 0.2 percent, meaning it is unlikely to significantly impede effective competition in procurement markets.
The German grocery retail sector remains highly concentrated, with four major players—Rewe, Edeka, Aldi, and Lidl/Kaufland—accounting for more than 90 percent of total turnover. While Edeka was previously permitted to acquire 178 Tegut locations under similar conditions, the organic retailer Vollcorner has filed a legal complaint against that specific deal.
Entities
Andreas Mundt · Berlin · Bundeskartellamt · Christian Fahl · Colliers · Dominik Jung · Edeka · Federal Cartel Office · Federal Government of Germany · Federal Institute for Research on Building, Urban Affairs and Spatial Devlopment · Germany · Iceland
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The acquisition of 38 stores will increase Rewe's nationwide procurement volume by less than 0.2 percent. wochentlich.de · www.kurierverlag.de · www.t-online.de
- [● 5 SOURCES] Rewe must refrain from acquiring two specific Tegut locations in Marburg and Schlüchtern for four years. wochentlich.de · www.thueringer-allgemeine.de · www.kurierverlag.de · www.finanzen.ch · www.thueringen24.de
- [● 6 SOURCES] The Federal Cartel Office approved Rewe's acquisition of 38 Tegut supermarkets. wochentlich.de · www.thueringer-allgemeine.de · www.kurierverlag.de · www.finanzen.ch · www.t-online.de · +1 more
- [● 3 SOURCES] Edeka was previously permitted to acquire 178 Tegut supermarkets under specific conditions. www.thueringer-allgemeine.de · wochentlich.de · www.finanzen.ch
- [○ 1 SOURCE] The Monopolkommission warned that authorities must monitor the four major retailers to prevent price hikes or innovation suppression. www.thueringer-allgemeine.de
- [● 2 SOURCES] Migros is withdrawing from the German retail market. www.finanzen.ch · www.thueringen24.de