The Swiss Competition Commission approves a merger in the food retail sector subject to extensive remedies including the maintenance of the legal, organisational and operational independence of the target and the prohibition on the acquirer acquiring any other undertakings active in the food retail sector (Migros/Denner)
The operation
The merger involved the acquisition by Migros of 70% of food retailer Denner. The merger was cleared by the Swiss Competition Commission (WEKO) on 3 September 2007 in a Stage 2 decision, subject to the most extensive remedies ever imposed by WEKO up to that point.
Migros is the largest undertaking in the food retail sector in Switzerland. Denner ranks third.
The market(s) concerned by remedy(ies)
The market investigated by the authorities was the Swiss food retail market and the markets for
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