goetzpartners advised REWE Group in the acquisition of FEGRO/Selgros shares
As of February 29, 2008, REWE Group, headquartered in Cologne, acquired the remaining 50% share in OHG FEGRO/SELGROS Gesellschaft für Großhandel mbH & Co. (“FEGRO/SELGROS”) from its long-time joint venture partner Otto Group, located in Hamburg.
With this transaction, the second largest German food trading company considerably strengthens its business to business (B2B) activities. The cash-and-carry and foodservice subsidiaries that are grouped under the B2B business unit managed to increase their turnover with a double-digit growth rate to more than six billion euros over the past business year. The transaction is subject to the approval by the responsible antitrust authorities. Terms of the investment were not disclosed.
In this transaction, goetzpartners CORPORATE FINANCE acted as exclusive financial adviser to REWE Group.