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MCCAA probes deal’s effect on competition in grocery retail market

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The Office for Competition concluded, following an assessment, that Lidl Immobiliare Malta Ltd’s acquisition of the Burmarrad outlet and leases of the Sliema outlet and Burmarrad’s parking area  from Said Investments Ltd and Scotts Ltd are not expected to lead to a substantial lessening of competition in the grocery retail market in Malta. Photo: Shutterstock.com

On January 12, 2021, the Office for Competition at the Malta Competition and Consumer Affairs Authority received notification of a proposed concen­-tration for Lidl Immobiliare Malta Ltd (the purchaser) to buy two divided portions of undeveloped land in Attard, as well as the Burmarrad and Żabbar grocery retail outlets with their operational permits and with vacant possession from Said Investments Ltd (the vendor) and Scotts Ltd (the tenant). The notification also covered a promise of assignment and transfer of leases duly signed between the above-mentioned parties for the portion of land situated near Scotts Supermarket in Burmarrad and leased by Scotts Ltd as a parking area and the premises in Sliema. The Office for Competition was informed that the parties’ intention was for Lidl Immobiliare Malta Ltd to acquire the properties and leases from Scotts Ltd to operate Lidl supermarkets from them. The parties highlighted that the purchaser will not acquire the business carried out by Scotts Ltd; therefore, Scotts Ltd intends to continue operating its current supermarket business under the same brand name. During the initial market investigation, the Office for Competition...


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