On 27 June 2018, the Finnish Competition and Consumer Authority (FCCA) approved Kesko Oyj’s acquisition of Kalatukku E. Eriksson. The FCCA has concluded that the acquisition will not significantly impede effective competition in the Finnish market.
The Kespro business unit, which is part of Kesko’s daily consumer goods operations, is a Finnish foodservice supplier and wholesaler. The acquisition is related to Kespro’s business operations. Kalatukku E. Eriksson processes fish and shellfish and sells the products it processes and supplies, for example, to companies operating in the wholesale business and to various foodservice and daily consumer goods channels.
The FCCA investigated the effects that this acquisition would have on the competition in the markets for fish and shellfish product processing and the wholesale of processed fish and shellfish products. According to the FCCA’s investigations, there are only minor overlaps in the operations of the acquisition parties, with several other suppliers operating in the market. The FCCA has concluded that the acquisition will not significantly impede effective competition in the Finnish market.
Further information:
- Senior Research Officer Anu Ala-Outinen, tel. +358 (0)29 505 3010, email: firstname.lastname@kkv.fi
According to the Competition Act, the FCCA must be notified of a transaction if the combined turnover of the parties to the corporate transaction exceeds 350 million euros and the turnover from Finland of at least two of the parties exceeds 20 million euros for both. The FCCA will approve a corporate transaction if it has none of the harmful impacts referred to in the Competition Act. The FCCA will intervene in corporate transactions if its investigations suggest that the acquisition substantially impedes effective competition on Finnish markets or a substantial part of the markets, particularly through the creation or reinforcement of a dominant market position.