In terms of regulation 5(4) of the Control of Concentrations Regulations, the Director General of the Office for Competition notifies for general information that a notification of a concentration between Lidl Immobiliare Malta Limited, Scotts Limited and Said Investments Limited was deemed complete on Tuesday, 12 January 2021.
The nature of the concentration is an acquisition by Lidl Immobiliare Malta Limited of some of the buildings belonging to Said Investments Limited and leases from Scotts Limited. These include, Scotts supermarkets in Burmarrad, Sliema and Żabbar and two divided portions of undeveloped land in Attard. The intention of the acquirer is to lease out the above-mentioned properties to Lidl Malta Limited to operate ‘Lidl’ supermarkets from them. It is not the intention of the parties to the concentration for Lidl to acquire the business that is carried out by Scotts from the properties mentioned and, therefore, Scotts intend to continue operating their current supermarket business under the same brand.
The economic sectors involved concern the importation and sale of foodstuffs, beverages, and household items in supermarkets and grocery stores.
The Director General of the Office for Competition invites interested third parties to submit their written observations by not later than Friday, 22 January 2021.