The Hungarian Competition Authority approves 13 acquisitions of control concerning 158 food retail stores across the country (Match, Profi and Cora)

Information about mergers on the food retail market* Substantial ownership shifts took place in the food retail market in Hungary between June 2012 and February 2013. During this period the GVH (Gazdasági Versenyhivatal - Hungarian Competition Authority) received 13 merger applications concerning this sector, with one-third of all incoming applications concerning the food retail market. This is in stark contrast to the previous one and a half years, in which no such application was made. As a result of the mergers, 158 food retail stores changed hands across the country. Most of these changes took place Budapest, Southern Dunántúl and Northern Hungary. Characteristically each acquisition of control concerned only a smaller region or settlement as the applicants usually took over shops

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Hungarian Competition Authority, The Hungarian Competition Authority approves 13 acquisitions of control concerning 158 food retail stores across the country (Match, Profi and Cora), 22 March 2013, e-Competitions Franchising, Art. N° 59762

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