DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Rewe Announces Withdrawal Of Complaint Over Edeka Kaiser's Move

By Publications Checkout
Share this article
Rewe Announces Withdrawal Of Complaint Over Edeka Kaiser's Move

Rewe Group has announce that it has withdrawn its appeal against the ministerial approval for the merger of Edeka and Kaiser's Tengelmann, clearing the path for the completion of the deal.

Rewe, which is to acquire 62 Kaiser's Tengelmann stores in Berlin, said that it had been "fighting to guarantee the employment for Kaiser's Tengelmann workers."

In a saga that commenced back in 2014, Rewe was one of a number of retailers that opposed Edeka's takeover of the Kaiser's operation, with local competition authorities and the German farmers' association, Deutscher Bauernverband, also raising objections.

Kaiser's Supermarket, a subsidiary of the Tengelmann Group, boasted had around 451 stores and 15,958 employees.

© 2016 European Supermarket Magazine – your source for the latest retail news. To subscribe to ESM: The European Supermarket Magazine, click here

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.