Axfood gets approval to buy City Gross

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Axfood gets approval to buy City Gross
Photo: Claudio Bresciani/TT

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The food company Axfood gets the green light from the Competition Authority to buy the competitor City Gross.

"The decision has been made after an in-depth investigation which shows that it is not likely that the acquisition will significantly hinder competition on the Swedish daily goods market, either nationally or locally", the authority writes in a press release.

It was in June this year that Axfood, which operates the chains Hemköp and Willys, submitted an application to the Competition Authority to buy City Gross.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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