Super de Boer takeover approved
The Dutch competition authority NMa has given its approval to the takeover of the Super de Boer supermarket group by family owned Jumbo.
Super de Boer’s works council has also given its blessing to the takeover which now needs shareholder approval at an EGM set for December 8.
Jumbo has offered €552m for Super de Boer, seeing off a rival bid from supermarket group Sperwer.
The Super de Boer Jumbo combine will have some 25% of the Dutch food retail market. Ahold’s Albert Heijn is market leader with 31%.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation