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28th January, 2019

GVH clears Media Markt acquisition

The competition watchdog GVH has approved the acquisition of nine electronics retail units inside Tesco hypermarkets by electronics retailer Media Markt.

Media Markt will operate the so-called shop-in-shops in Tesco stores in Baja, Budapest, Dunaújváros, Esztergom, Kaposvár, Sopron, Szekszárd, Tatabánya and Veszprém.

The GVH concluded that the deal would lead to a small concentration of market power, which would not endanger competition, at national or local levels.

In its analysis, it weighed the expected benefits of the transaction to consumers, the expansion of the product range, and the improvement in the quality of customer service.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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