Israel: Leading supermarkets may need to sell off dozens of locations

A study by Israel’s Antitrust Authority suggests the nation’s two largest supermarket chains could be forced to divest dozens of locations ahead of the implementation of the new Food Law, reports say.

The Authority’s study, the results of which were released Wednesday, found several geographical areas where Mega and Super-Sol control more than 50 percent of the market together. Reports say the grocers own 47 stores in these locations that will be found to be in violation of the new Food Law, which will enter into effect in early-2015.

The new legislation defines super-concentrated market areas in the food industry. According to sources, the Authority will soon request more up-to-date information from the supermarket chains.

Full content: Haaretz

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