Sigmar Gabriel Edeka had asked in January the green light for a possible takeover of the supermarket chain Kaiser’s Tengelmann in prospect. Now the retail group Rewe wishes to speak. Should permission be really granted, they would file a lawsuit
The retail group Rewe wants the announced ministerial approval for the acquisition of supermarket chain Kaiser’s Tengelmann by Edeka is unacceptable. In a dpa present opinion on the plans of German Economics Minister Sigmar Gabriel (SPD), the supermarket chain has threatened to appeal to the Higher Regional Court of Dusseldorf, if the rival Edeka actually should get the green light for his shopping plans.
A ministerial permit to be in the intended conditions “unlawful and set aside in a complaint procedure by the OLG Dusseldorf,” says the letter of Rewe attorneys at the Federal Ministry of Economics. The conditions for issuing a ministerial approval had not been met because with Rewe available stand an alternative purchaser who have volunteered to save all jobs at Kaisers Tengelmann.
acquisition in tough conditions
Sharp criticism practiced Rewe lawyers also to the planned requirements for the rival Edeka: the conditions laid down were not suitable to effectively prevent job losses. Moreover Edeka would in the regions Munich and Berlin by merging the “uncatchable market dominator”. This hazardous jobs with competitors and suppliers. “A ministerial approval can – with or without conditions – not be granted.”
Gabriel had Edeka made in January the green light for the takeover plans in view – but under strict conditions. So Edeka must guarantee in buying that around 16 000 jobs at Kaiser’s Tengelmann least for five years were “largely” safe and the employees were paid collectively. These conditions are to be protected according to the will of the minister by applicable collective agreements. Edeka signaled already trying to accept the terms
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