CCI clears Amazon seller Appario’s sale to Clicktech
antitrust watchdog has approved the sale of Appario Retail, the largest seller on Amazon India, to Clicktech, another major seller on the platform.
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The Competition Commission of India (CCI) on Tuesday said it approved the “proposed combination involving, inter alia, Amazon Asia-Pacific Holdings, Frontizo Business Services, Appario Retail, Haverl LLC and Clicktech Retail”.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitOn April 3, ET reported that Clicktech was buying Appario as part of the ecommerce major’s plan to divest stakes in sellers on its platform.
Appario was the last remaining major seller in which Amazon itself held a stake.
Clicktech is promoted by the Vinod Poddar group, which has interests in steel and coal processing, real estate and plastics.
In October 2022, Amazon said it would delist Appario from the platform, amid protests from smaller sellers and regulatory pressures.
Amazon is also fully acquiring Appario’s parent firm, Frontizo Business Services, from joint venture partner Patni Group.
After the transaction, Frontizo will become a wholly owned subsidiary of Amazon, while Appario will be owned by Clicktech.
