commiss decis februari set measur order restor effect competit case iv kesko tuko english text authent text eea relev ec commiss european commun regard treati establish european commun regard agreement european econom area articl thereof regard council regul eec decemb control concentr undertak amend act access austria finland sweden articl articl thereof regard commiss decis novemb declar concentr kesko oy acquir sole control tuko oy incompat common market undertak concern opportun make view object rais commiss regard opinion advisori committe concentr june commiss receiv request finnish offic free competit pursuant articl regul eec merger regul examin acquisit tuko oy tuko kesko oy kesko novemb commiss adopt decis pursuant articl conjunct articl merger regul decis novemb declar concentr incompat common market time decis novemb adopt concentr complet kesko acquir control tuko acquisit share commiss decid includ decis novemb measur applic articl merger regul commiss announc separ decis pursuant articl adopt set measur order restor condit effect competit basic reason decis novemb commiss reach conclus concentr creat strengthen domin posit kesko finnish market retail daili consum good combin market share kesko tuko assess local region nation level posit strengthen posit larg retail outlet control busi premis custom loyalti scheme privat label product distribut system consider power central organ buyer daili consum good manufactur good refer decis novemb procur market commiss reach conclus concentr creat strengthen domin posit kesko finnish market cash carri sale daili consum good combin market share nation level region addit posit strengthen kesko bui power market conclud kesko clear market leader posit ahead player market final commiss conclud domin posit kesko negat potenti competit concentr increas barrier entri extrem entri complet acquisit kesko procedur led adopt decis novemb offer undertak capabl address competit concern identifi decis elimin domin posit creat acquisit tuko oy commiss statement pursuant articl merger regul order remedi situat kesko effect control tuko commiss issu statement pursuant articl merger regul statement pursuant articl indic consid adopt decis pursuant articl oblig kesko sell en bloc daili consum good busi tuko oy explain modal divestitur statement pursuant articl divestitur includ asset relat daili consum good busi includ share tuko oy buyer viabl exist prospect competitor independ unrel kesko group suffici expertis financi resourc deadlin complet divestitur set month truste appoint conduct audit ascertain full divestitur determin manag structur asset divest pend divestitur act kesko invest banker sell busi report commiss period basi oper busi state negoti parti kesko reaction statement pursuant articl receiv statement pursuant articl kesko argu decis articl made flexibl impos undu burden kesko kesko propos transact view put effect divestitur tuko daili consum good busi argument flexibl kesko submit commiss power order divestitur mean articl merger regul limit principl proportion order remedi action attain object sought kesko submit divestitur order set statement pursuant articl adapt highest degre flexibl order impos undu burden kesko take argument account commiss decis allow retent kesko share tuko oy possibl kesko inclus provis allow basi reason opinion truste divestitur constitut en bloc solut kesko argu commiss addit limit impos proportion principl subject addit restrict impos articl merger regul state commiss measur strictli maintain restor effect competit territori member state request interven articl merger regul simpli limit scope measur territori member state concern articl merger regul explicitli refer articl confirm commiss power mean articl merger regul act request member state remedi propos kesko kesko submit propos divest tuko busi propos includ sale withdrawn propos includ sale consortium compani present late stage proceed draft decis pursuant articl member state date fix discuss draft advisori committe concentr propos explan offer en bloc solut entail consortium bui stake total busi tuko suffici assur buyer independ unrel kesko group expertis financi resourc constitut viabl competitor kesko final independ truste appoint foreseen statement pursuant articl propos includ guarante divestitur contain audit made truste tuko busi report truste prospect buyer februari kesko inform commiss sign contract view implement abovement propos signatur contract affect decis entri forc contract explicitli made depend commiss approv april conclus reason concentr implement order kesko virtu articl merger regul divest daili consum good busi tuko oy reach decis commiss account kesko argument set flexibl attain object sought restor effect competit finnish market retail cash carri sale daili consum good adopt decis articl kesko order divest daili consum good busi tuko oy purchas viabl exist prospect competitor independ unrel kesko group possess financi resourc proven expertis enabl maintain develop divest busi activ competit forc competit kesko daili consum good busi purchas standard kesko prior divestitur ensur asset divest includ total busi tuko oy relat sale daili consum good busi restor competit condit acquisit control kesko requir inter alia asset tangibl intang relat sale daili consum good held tuko oy time concentr longer held restor tuko oy replac kesko expens contract enter behalf tuko oy organ tuko group relat activ sale daili consum good extent assign transfer extent contract assign kesko effort transfer voluntari basi articl kesko dai notif decis appoint independ truste approv commiss monitor oper manag asset divest accord articl kesko ensur irrevoc mandat truste includ right oblig conduct audit identifi asset contract includ divestitur accord articl purpos truste access document book record tuko group extent asset held tuko group time concentr longer held time audit document book record kesko group determin basi final divestitur complet manag structur divestitur packag ensur viabil market competit act kesko invest banker conduct good faith negoti interest parti view sell divestitur packag en bloc time limit set articl provid commiss written report copi kesko result audit refer point provid commiss monthli basi written report oper manag divestitur packag relev develop negoti parti interest purchas divestitur packag includ time frame agreement interest parti implement suffici inform enabl commiss assess bidder satisfi purchas standard truste opinion offer meet criteria set articl achiev result en bloc solut truste set reason report commiss commiss accord point disagr offer purpos decis consid valid continu negoti interest parti commiss week receipt truste report formal agre parti satisfi purchas standard receiv remuner kesko basi provid incent prompt divestitur kesko provid truste reason assist requir carri mandat includ appoint independ personnel adequ commerci financi expertis articl articl divestitur accord articl complet notif decis kesko deem compli decis time limit bind agreement sale divestitur packag sign provid complet divestitur take place date signatur prospect purchas unoppos commiss kesko free select offer choic event prove imposs sign bind agreement period refer paragraph commiss request kesko truste show good extend period case kesko give truste irrevoc mandat sell divestitur packag term condit event divestitur fulli complet articl decis address kesko oy satamakatu fin helsinki brussel februari commiss karel van miert member commiss oj correct version oj oj publish version decis inform omit replac rang passag reproduc pursuant articl regul eec disclosur busi secret