Germany: Regulator bars Remondis takeover of DSD

Remondis will not be permitted to acquire the DSD Green Dot system, the Bundeskartellamt announced on Thursday morning. The decision of the German competition authority was expected. Kartellamt President Andreas Mundt said that were the merger to be allowed to proceed, “it is to be feared that DSD’s competitors would face higher costs, an increase in DSD’s market share and, ultimately, higher prices for the management of packaging waste.”

In addition, the combined DSD/Remondis market share of 40 to 60 per cent of the waste glass market was a source of concern. “The undertakings submitted by the parties were not such as to eliminate competition concerns,” he said.

According to the Bundeskartellamt the undertakings submitted by Remondis and DSD were neither suitable nor sufficient to resolve the authority’s concerns about potential market restrictions. The companies now have one month to file an appeal of the decision at the Higher Regional Court (OLG) Düsseldorf.

Full Content: Euwid Recycling

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