Interim status of the antitrust proceedings
Edeka can take over up to 44 Real locations. This emerges from an interim status on the antitrust proceedings. However, the German market leader in the food retail sector had registered 72 locations. Means: At 28 branches, the Bonn authority currently says no, because there are concerns.
Cartel Office shows Edeka the yellow card
The authority now wants to try to dispel the concerns in talks with Edeka and the Real owner, the Russian investor SCP. The companies can offer concessions for this. “Constructive talks” are already taking place with the competition officials, said an SCP spokesman. SCP is optimistic that it will soon be able to give Real employees complete clarity.
In response to a request from RTL, Edeka did not want to comment on which branches will actually be taken over and referred to the ongoing proceedings before the Federal Cartel Office.
Russian investor wants to break up the supermarket chain
The Düsseldorf Metro group had sold the Real supermarket chain with around 270 stores and around 34,000 employees to SCP. Metro concentrates on the wholesale business, Real no longer suited this concept. SCP wants to break the chain. The cartel office had already given its competitor Kaufland the green light to take over up to given to 92 real markets. However, a number of branches are also pending. Initially eight Real branches were on the list, since the end of January it has been clear: ten more branches are closing. We will have to say goodbye to these branches in 2021.
In the course of this decision, SCP had promised to sell locations with a total procurement volume of at least 200 million euros to medium-sized food retailers. For one such retailer, the Globus Group, the authority had approved the takeover of up to 24 Real locations.
The Cartel Office sees the German food retail sector as being dominated by only a few large corporations. That is why it is scrutinizing acquisitions in the sector.