Until now, it was no secret that Spar owned 0.000007 percent of Tesco-Global Zrt., But not much was discussed. Now that the G7 has found the information, the Antitrust Bureau has also started investigating if this is okay.

The G7 featured an interesting detail among the papers of Tesco-Global Zrt., Which operates Tesco in Hungary. Literally small: in addition to the Dutch company Tesco Holding BV 99.75 and the 0.25% stake of the British Tesco Overseas Investments Ltd., there is also a third small owner:

Spar Magyarország Kft.

Its ownership index is almost imperceptible, with 1,000 shares at 0.000007 percent, but it could also create competition problems.

The Hungarian Competition Authority told the portal that “the fact relevant to competition law is being investigated.”

Spar wrote that they received a package of shares worth HUF 10,000 by legal succession when they acquired the Plus store chain in 2008, and they don’t know when Plus bought the shares, how and for what purpose. Both companies stated that Spar had no influence on Tesco’s operations, but did not respond to the extent of Spar’s involvement beyond the fact that its representative was present at Tesco’s general meetings.



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