Deutsche Post given approval to take over KarstadtQuelle logistics division
The antitrust authorities in Germany have given approval for German postal services provider Deutsche Post to take over the logistics division of troubled German retail and mail order group KarstadtQuelle. The authorities determined that Deutsche Post would not have a market dominating position in the market for transportation of large and individually packaged goods and did not place any conditions on the acquisition. The takeover is to take place on July 1.
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