Heuking Kühn Lüer Wojtek has advised on the deal
NETTO ApS formed the “RTG Retail Trade Group” joint venture with real,-, Bartels-Langness, Bünting, Klaas & Kock, and Georg Jos. Kaes effective April 3, 2017.
The Hamburg-based joint venture is intended to strengthen the competitiveness of the six food retail companies on the procurement markets.
Each of the companies holds one-sixth of the joint venture, which bundles various functional areas, such as the purchasing of food, nonfood, and ultra-fresh products. Synergy effects are further expected in e-commerce, technical purchasing, and in some administrative areas. Cooperation is also planned in procurement logistics.
The joint venture partners coordinated their procedure with the Federal Cartel Office.
NETTO ApS & Co. KG, headquartered in Stavenhagen, employs some 5,800 people in Germany. With 347 food markets, the company is represented in the German states of Mecklenburg-Vorpommern, Brandenburg, Berlin, Saxony-Anhalt, Saxony, Schleswig-Holstein, Lower Saxony, and Hamburg.
Heuking Kühn Lüer Wojtek has advised NETTO ApS & Co. KG with Christoph Froning (Picture) and Stefan Bretthauer.
Law Firms: Heuking Kühn Lüer Wojtek;
Clients: Netto A/S;