EU Opens Antitrust Investigation Into XXXLutz’s Proposed Porta Acquisition
EU antitrust investigators opened an investigation into XXXLutz’s proposed acquisition of German peer Porta, citing potential effects on competition in several EU countries. Remedies may be required.
EU antitrust investigators opened an investigation on Monday into XXXLutz’s proposed acquisition of German peer Porta. They said the deal may significantly affect competition in several EU countries, potentially requiring the Austrian furniture retailer to offer remedies.