REWE takes over 133 Marktkauf stores

Rewe Group has agreed with Edeka to take over 133 of Edeka's ailing Marktkauf DIY stores in Germany. According to Lebensmittel Zeitung, Edeka will pay a surcharge of EUR120 million (USD158 million) to get rid of the stores. Through this move, Rewe will become Germany's third-largest DIY store operator behind Tengelmann-owned OBI and Praktiker. Around 17 stores that are not part of the deal are expected to be closed.