Edeka group announces takeovers of Spar and Netto Süd

German food retailer Edeka has announced today (Thursday) that it has formed a European co-operation deal and taken over the discounter Netto Süd and Spar Handels AG. As well as taking over Michael Schels & Sohn GmbH & Co. KG (Netto Süd) Edeka is taking a 25% stake in Netto Stavenhagen (Netto Nord), while acquiring Spar Handels AG from ITM Entreprises. The purchase of Netto Süd puts Edeka in the discount sector. Netto Nord will be controlled by 75% stakeholder Dansk Supermarked. The European Commission cleared Dansk Supermarked’s takeover of Netto Nord on Tuesday.


Edeka’s co-operation deal is with the French retailer ITM Entreprises and the Spanish Eroski Group in the marketing company Alidis/Agenor. The Alidis grouping represents total retail sales of €75bn, the company said. The partnership will create the necessary weight to counter increasing concentration among international manufacturers. Each partner will have a one third stake in Alidis/Agenor.