Brussels authorizes Zalando to take full control of German rival About You
The retailer announced in December last year its intention to acquire 100% of About You at a price of €6.50 per share, representing a valuation of just over €1.1 billion.
After its review, the EU executive concluded that the transaction does not raise competition concerns due to its "limited impact" on the markets in which the two companies involved operate, given that there are "a large number of alternatives" available to customers in the sector.
The file, which was notified to Brussels last May, has been examined under the simplified procedure applied to less problematic cases.
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