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Watchdog clears Metro takeover, Kretinsky good to go

Staff Writer |
MetroGermany’s antitrust watchdog has cleared a potential acquisition of retailer Metro by Czech investor Daniel Kretinsky, a spokesman for the Federal Cartel Office said.

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Kretinsky had asked the agency to review his plans to buy a stake of 25-35 percent in the company, which the watchdog cleared.

Any acquisition of more than 30 percent would trigger a mandatory takeover offer, according to German law.

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