BERLIN | Germany’s 2 department store chains get clearance to merge

BERLIN | Germany’s 2 department store chains get clearance to merge

BERLIN  — Germany’s antitrust authority has cleared the planned merger of the country’s two main department store chains, ruling that it doesn’t threaten competition at a time when online retail is rising.

The Federal Cartel Office said Friday that the two companies exceed a combined 25 percent of market share only in a few goods and regions, and in many cases online retailers offer an alternative.

The deal, which was announced in September, will bring together Karstadt, owned by Austria‘s Signa, and Kaufhof, owned by Hudson’s Bay Co.

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