NETTO ApS establishes joint venture in food retailing sector assisted by Heuking Kühn Lüer Wojtek
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. Dr. Christoph Froning, LL.M. and Dr. Stefan Bretthauer from Heuking Kühn Lüer Wojtek’s Hamburg office comprehensively advised NETTO ApS throughout the process. 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.
Counsel to NETTO ApS & Co. KG
Heuking Kühn Lüer Wojtek:
Dr. Christoph Froning, LL.M.,
Dr. Stefan Bretthauer (both Lead), both Hamburg