Large retailers: EU Commission approves acquisition of Coin by Sagitta and MIA

Brussels – The European Commission has approved under the EU Merger Regulation the acquisition of joint control of Coin S.p.A. by Sagitta SGR S.p.A. (‘Sagitta’) and MIA S.r.l., all Italian companies. 

The transaction mainly concerns the retail sale of clothing, personal care, and household products. 

The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed deal. The EU examined the notified transaction under the simplified merger review procedure.