Announced
Financials
Sources
Tags
Pending
Minority
E-commerce
online supermarket
Netherlands
Acquisition
Private
Cross Border
Single Bidder
Friendly
Synopsis
Edeka, the largest German supermarket corporation, agreed to invest in Picnic, a Dutch online supermarket. Financial terms were not disclosed. Before the expansion of its stake, Edeka already had 10% of the shares in Picnic and 35% of the shares in the German subsidiary of the web supermarket.
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