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PX Mart, RT-Mart merger cleared by Taiwan with conditions

( July 15, 2022, 10:00 GMT | Official Statement) -- MLex Summary: Taiwanese supermarket chain PX Mart's plan to acquire the majority of local peer RT-Mart was conditionally approved by the island's antitrust regulator. Among a slew of remedies, the Fair Trade Commission required the merged entity not to raise prices arbitrarily, and not to increase surcharges imposed on suppliers arbitrarily. For a period of three years, the merged company ought to keep prices consistent across all of its stores on the island, or it may cut prices based on local competition considerations, the regulator said. PX Mart's purchase of 95.97 percent of RT-Mart initially raised concerns it might be unfavorable to consumers and suppliers.The statement follows and a notice of the detailed remedies is attached:...

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