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Because the EU and the member states don't have jurisdiction to block every single company in the market from being acquired. And wolt is not exactly sensitive
by arlort 5y ago
Because the EU and the member states don't have jurisdiction to block every single company in the market from being acquired.
And wolt is not exactly sensitive to national security interests or at risk of creating a monopoly
- Ekaros 5y agoAnd at least in Finland Doordash really isn't a competitor, so there isn't even monopoly issues.
- jarcane 5y agoFinland is historically not especially concerned with monopoly issues in any case. Nearly the entire retail sector is controlled by only two companies.
- humppadumppa 5y agoThree, Lidl is big enough to be considered relevant competition.
- weberer 5y agoFor just the supermarkets, yes. But S-group and Kesko are huge. They own restaurants, banks, hotels, gas stations, home improvement stores, department stores, car dealerships, and a bunch of specialty stores.
- jarcane 5y agoYeah, I used "retail sector" quite carefully there. The breadth of the conglomerates here is vast. It's sort of surreal to me, even by American standards, that this level of market capture is even allowed.
- anilakar 5y agoAt least the retailer with a 40 % market share can't deposit the money overseas to some hedge fund because it's a co-op.
- Ekaros 5y agoBut for some reason they can try to expand to next country... Which really puzzles me... After all they are collection of regional "co-ops". Even if the whole model is quite distanced at this point.