GERMANY: Minister set to give approval to Edeka-Tengelmann deal | Progresiv

German economics minister Sigmar Gabriel looks set to give his ministerial approval for the takeover of Tengelmann's Kaiser's stores to Edeka, according to Lebensmittel Zeitung.

Tengelmann has sought to offload its Kaiser's business to Edeka since October 2014, however the deal had been rejected by local competition authorities, and met with opposition from rival grocers.

Following Minister Gabriel's announcement, it is expected that Tengelmann and Edeka will be able to proceed with the deal, provided certain conditions are met, Lebensmittel Zeitung reported. (www.esmmagazine.com)