REWE takes remaining 25 percent od ADEG

Companies ♦ Published: July 7, 2010; 00:00 ♦ (Vindobona)

Rewe acquires Adeg. Two years ago, the group took over 75 percent of the retail chain in Austria. The deal does not require to be registered at the European Commission. Adeg is already completely integrated into Rewe.

REWE takes remaining 25 percent od ADEG / Picture: ©

Previously the association held a quarter of the shares. The decision to sell was made unanimously, said its chairman Anton Kovsca: The association retains a mandate, while traders strengthened their capital by the transfer.

The Adeg AG in Austria with its 406 merchants and 500 businesses is in the red for the sixth consecutive year. Results will be published in September…