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CCI approves Amazon-Samara’s acquisition of the supermarket chain More

The Competition Commission of India yesterday approved Samara Capital and Amazon's joint acquisition of Aditya Birla Group's More supermarket chains. @CCI_India approves acquisition of 49% equity share capital of Witzig Advisory Services Private Limited by https://t.co/vUAP6KDWu3 NV Investment Holdings LLC — CCI (@CCI_India) January 18, 2019 The CCI is expected to release a detailed order soon, per the Economic Times. Last week, the anti-trust regulator had sent a notice to Samara Capital seeking more detail on whether the joint acquisition was compliant with the government's new FDI in e-commerce policy. Under the new policy, entities owned by the marketplace or its group companies cannot trade on the platform. The CCI's queries were related to whether Amazon would be involved in More’s everyday operations and whether More would be integrated into Amazon India marketplaces. Relief for Amazon in the CCI decision…

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