Hessen: Rewe Wants to Take over up to 40 Tegut Markets
18 Articles
18 Articles
Owner Migros has now also found Rewe in search of buyers for his Tegut branches. Antitrust lawyers are critical of the takeovers.
The food company Rewe takes over 40 branches of the supermarket chain Tegut.
The parent company Migros announced the end of Tegut in March. Edeka wants to take over the majority of the branches. Now Rewe also announced that it wants to operate about 40 Tegut branches.
Edeka and Aldi have expressed interest, now Rewe follows: The chain wants to take over 40 Tegut sites. The transaction has to be approved by the Antitrust Office.
With the withdrawal of Migros from Germany, the Tegut markets of the Group are for sale. In addition to Edeka and Aldi, Rewe is also interested. However, an expert has antitrust concerns. The market power of the large retail chains in Germany is too high.
The Tegut brand disappears. Edeka enters the market. Rewe also takes over many branches. The reasons for the withdrawal on the competitive food market are manifold.
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