BackEU Commission: Brussels is investigating the Porta takeover by XXXLutz
EU Commission: Brussels is investigating the Porta takeover by XXXLutz
Developing
Handelsblatt2 hours agoBusiness3 min readGermanyView original

EU Commission: Brussels is investigating the Porta takeover by XXXLutz

Quick Look

  • The EU Commission has completed a preliminary investigation into the planned takeover of Porta by XXXLutz and warns of possible distortions of competition in Germany, the Czech Republic and Slovakia.
  • The authority sees risks on both the sales and procurement sides and has until February 25, 2027 to make a final decision.
  • The investigation has been ongoing since July 2024.

AI-generated summary

Why It Matters

The EU Commission initiated an investigation into the planned takeover of Porta by XXXLutz in July 2024, after the transaction had already been publicly announced in January 2025. According to EU competition law, companies are not allowed to take any measures that lead to a de facto change of control until approval is given.

Font size

A preliminary study warns of the consequences for competition in three EU countries. But that doesn't mean the deal is banned.

XXXLutz branch at the Rangsdorf location: Brussels has until February 25, 2027 to make a decision. Photo: XXXLutz Germany

Brussels. The EU Commission is investigating possible distortions of competition in the planned takeover of Porta by the Austrian furniture giant XXXLutz. According to a preliminary investigation, there are indications that the merger could harm competition in Germany, the Czech Republic and Slovakia, the Brussels authority said.

XXXLutz and Porta have a particularly strong position in the area of ​​furniture discounters, especially in the Federal Republic. According to the Commission, many of their branches compete for customers in the same regions. The authorities are concerned that if mutual competitive pressure were to disappear, there would be a risk of higher prices and less choice for customers.

The Commission also sees risks for the markets in Germany, the Czech Republic, Slovakia and Poland on the procurement side. XXXLutz is already an important customer for furniture manufacturers and has considerable purchasing power.

If the Porta brands also became part of XXXLutz, one of the few large alternative customers would no longer be available, according to the statement. The Commission now wants to examine whether this would make suppliers more dependent on the merged company.

The Brussels authority has until February 25, 2027 to make a decision. The investigations that have now been expanded do not mean that the takeover will ultimately be prohibited.

The investigation has been ongoing since the summer

The commission had already started an investigation in July. The competition authorities suspect that the companies did not wait until approval was received before carrying out the takeover.

According to the Commission, the project was only registered in Brussels on September 7th of this year. The planned transaction between XXXLutz and Porta was therefore publicly announced at the beginning of January 2025.

According to EU rules, until approval is granted, the companies involved are not allowed to take any measures that lead to a de facto change of control - such as the coordination of business processes or the exchange of sensitive and competition-relevant information. According to its own information, the EU Commission had indications that XXXLutz and Porta may have violated this so-called standstill obligation.

Related topics

GermanyEU CommissionEuropean UnionCzech Republic

Concern in the furniture industry

Last year, the German furniture industry spoke of “dramatic news” in view of the planned takeover. “If this purchase were to take place, the already high concentration in the German furniture trade would further intensify and reach a threatening level,” said a reaction from the German furniture industry associations.

The XXXLutz group of companies, which also includes Roller, Home24, Mömax and Poco, claims to be one of the world's largest furniture retailers. Porta has been around since 1965. At that time, the first furniture store was built near Porta Westfalica.

More: With these models, the Sprinter becomes a luxury camper

rtr Published according to the editorial standards of the Handelsblatt. You can find more information in our guidelines.

More on the topic of our partners display

remind.me Take advantage of current low electricity/gas prices before prices rise again

Open Questions

  • What specific measures do XXXLutz and Porta expect to take as part of the standstill obligation?
  • What will the EU Commission's final decision be?
  • What alternative buyers for furniture manufacturers would arise if Porta were to go away?

Related Topics

This article was originally published by Handelsblatt.

Related Stories

Inflation and oil prices are depressing: Wall Street remains on guard ahead of the earnings season
Developing·

Inflation and oil prices are depressing: Wall Street remains on guard ahead of the earnings season

Ahead of the start of the US earnings season, investors are showing caution due to rising oil prices, geopolitical uncertainty in the Middle East and interest rate concerns. The Dow Jones gained 0.4 percent, while the Nasdaq and S&P 500 closed little changed. The reporting season begins on Tuesday with the major US banks. Oil prices rose despite Trump's diesel deal with Russia due to attacks on Saudi facilities. Microsoft surpassed the $4 trillion mark for the first time in a year thanks to planned AI chips, while Salesforce and eBay rose and semiconductor stocks and IonQ fell.

n-tv Wirtschaft
2 min read
US stock exchanges: US stock exchanges close inconsistently – oil prices rise again
Developing·

US stock exchanges: US stock exchanges close inconsistently – oil prices rise again

An eventful week began on Wall Street with an inconsistent start for the US stock markets. Microsoft shares topped a key mark for the first time in about a year, while the Dow Jones rose slightly, the S&P 500 stagnated and the Nasdaq lost 0.4 percent. Oil prices rose again in the afternoon after Trump announced an immediate energy ceasefire between Russia and Ukraine, although Russia did not confirm it.

Handelsblatt
2 min read
Goals for 2029 already achieved: Schaeffler employees are fighting for partial retirement and severance pay
Developing·

Goals for 2029 already achieved: Schaeffler employees are fighting for partial retirement and severance pay

The automotive supplier Schaeffler is cutting almost 5,000 jobs by the end of 2029. The partial retirement program is in greater demand than expected: 1,800 employees born in 1971 and older have accepted instead of the planned 1,300. The voluntary job cuts are also going faster than planned. As a result, the savings should be 20 percent above the planned 290 million euros.

n-tv Wirtschaft
1 min read
More on this topicxxxllutz