The takeover of the 96-store Plus chain in Romania will take German group LIDL&Schwarz to a market share of 65% on the discount retail segment in Romania, where it already operates the Kaufland hypermarket chain.
Will it be given the green light from the Competition Council under the circumstances?
Market sources say the transaction, announced in February, stands chances of being cancelled, but representatives of the competition authority say it is too early to give a verdict.
A few days ago, the European Commission transferred the procedure of evaluating the acquisition of Plus stores by LIDL to the Competition Councils in Romania and Bulgaria.
LIDL representatives did not provide comment on the subject by the time this issue was ready for print.
The deal, put by market sources at around 300 million euros, is the first move officially announced by hard discount operator LIDL in Romania, which has been preparing the opening of its first stores on the Romanian market for several years.
The takeover of the 96-store Plus chain in Romania will take German group LIDL&Schwarz to a market share of 65% on the discount retail segment in Romania, where it already operates the Kaufland hypermarket chain.
Will it be given the green light from the Competition Council under the circumstances?
Market sources say the transaction, announced in February, stands chances of being cancelled, but representatives of the competition authority say it is too early to give a verdict.
A few days ago, the European Commission transferred the procedure of evaluating the acquisition of Plus stores by LIDL to the Competition Councils in Romania and Bulgaria.
LIDL representatives did not provide comment on the subject by the time this issue was ready for print.
The deal, put by market sources at around 300 million euros, is the first move of
