Amazon, Samara seek CCI nod to acquire More supermarket chain

Amazon arm will buy 49% in Samara firm Witzig Advisory, which signed a deal to acquire 99.99% of Aditya Birla Retail last month; Samara will hold 51% in Witzig, which will own ABRL if CCI okays deal

Amazon.com NV Investment Holdings LLC, the investment arm of US online retail giant Amazon.com Inc., and private equity firm Samara Capital have sought the Competition Commission of India (CCI)'s approval to acquire supermarket chain More from the Aditya Birla group.

According to documents sourced from business intelligence platform Paper.vc, Amazon.com NV Investment Holdings will acquire 49 per cent stake in Witzig Advisory Services, the wholly-owned subsidiary of Samara Capital, which entered into an agreement to acquire 99.99 per cent of Aditya Birla Retail Limited (ABRL) last month.

Samara Capital will continue to hold the remaining 51 per cent stake in