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German Competition Authority: BKartA approves Rewe’s acquisition of stake in Wasgau Food, but deepens antitrust investigation

( October 31, 2011, 15:10 GMT | Official Statement) -- MLex Summary: The German competition authority has cleared Rewe Group’s purchase of a 25.1 percent stake in Wasgau Food as part of its merger control review, after concluding that the minority acquisition would neither create nor strengthen a dominant position in the market. But the regulator now needs to further investigate whether the co-operation between Rewe and Wasgau Produktions- und Handels AG does not lead to any antitrust problems. Rewe’s purchase of a stake in Wasgau Food is merely seen as securing the co-operation between Rewe and Wasgau AG, controlled by Wasgau Food.The full press release in the German original follows:...

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