Friday, May 4, 2007

Germany's REWE must answer EU query - SPAR chief

(Reuters) - Drexel, speaking to Reuters by phone from Salzburg, said his rivals were in reality acting as one. He said he hoped the Commission, executive arm of the European Union, would require a formal merger notification.

"ADEG and REWE share their purchases. Hundreds of REWE house brands are listed in ADEG shops. ADEG says itself that they will get 70 percent of their assortment from REWE," he said.


Read more at Reuters.com Mergers News

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