Press Release: Mergers: Commission approves acquisition of internet retailer Redcoon by Media-Saturn

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of German internet electrical goods retailer Redcoon by Media-Saturn, of the Metro AG group which also distributes electric and electronic appliances through the Media Markt and Saturn shops. After examining the operation, the Commission concluded that post-transaction the parties' market shares will remain moderate and that the merged entity will continue to face numerous competitors.