Federal Cartel Office clears acquisition of ice cream production facilities of DMK by Schwarz group - Wagner Legal advises DMK

The largest German dairy company, DMK, sells some of its ice cream production facilities in a complex asset and share deal, which will only be closed in 2021, to the largest German food retail group, Schwarz group, and its ice cream subsidiary Bon Gelati. The complexity of the transaction and the characteristica of the relevant markets caused certain difficulties relating to merger control and competition law matters. WAGNER LEGAL advises DMK, in particular, together with the specialised corporate law firm Lawentus and the specialised employment law firm Altenburg (the Schwarz group is advised by Noerr) and could, in particular, in close cooperation with Schwarz group's inhouse competition lawyers achieve a first phase clearance by the German Federal Cartel Office. JUVE reported in German about the transaction in JUVE Rechtsmarkt, April 2020, p. 70.