The Finnish Competition Authority clears a merger subject to remedies on the food retail market (Kesko Food / Suomen Lähikauppa)

FCCA TO APPROVE A MERGER BETWEEN KESKO FOOD AND SUOMEN LÄHIKAUPPA, SUBJECT TO CONDITIONS* The Finnish Competition and Consumer Authority (FCCA) has approved Kesko Food Ltd’s acquisition of Suomen Lähikauppa Oy, subject to certain conditions. The conditions imposed by the FCCA are an obligation to sell 60 stores of Suomen Lähikauppa to competitors and to continue purchases from Suomen Lähikauppa’s current wholesaler for a certain period of time. Both Kesko Food and Suomen Lähikauppa operate in the food retail industry. The K-Group’s retail network consists of approximately 900 food stores in Finland, and its share of the food retail market stands at 32.7% according to industry statistics. Suomen

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Finnish Competition Authority, The Finnish Competition Authority clears a merger subject to remedies on the food retail market (Kesko Food / Suomen Lähikauppa), 11 April 2016, e-Competitions April 2016, Art. N° 79159

Visites 146

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues