Fegro-Selgros taken over by Rewe

Cologne, Germany: Rewe Group has taken full control of C&C business Fegro-Selgros. The German supermarket chain had run Fegro-Selgros as part of a long-running joint venture with Otto Group but has now acquired Otto's 50% share. "Full responsibility for Fegro-Selgros creates clear structures for our growing cash & carry business," said chief negotiator Josef Sankjohanser. "We will continue to increase the development of Fegro-Selgros in the prospering markets of Poland, Romania and Russia."