By Adam Whittaker
France's competition regulator approved Carrefour's acquisition of the French operations of retailer Louis Delhaize.
The watchdog said Thursday that the approval is subject to Carrefour divesting seven stores to competitors, the termination of a franchise agreement and the sale of a shopping centre adjoining one of the stores which is to be divested.
In October 2023, the European Commission referred Carrefour's acquisition of Louis Delhaize's French operations--which included 186 stores and all of its property assets--to the regulator.
The French grocer was granted permission by the French competition authority to complete the transaction while its investigation was continuing.
The regulator cleared the acquisition Thursday after its investigation found it wouldn't harm competition in the supply of everyday consumer goods.
It did however identify eight local markets where the deal could pose competition risks and therefore placed divesture and termination requirements on Carrefour.
The watchdog said it will oversee the implementation of the commitments undertaken by Carrefour and said it will need to approve any proposed buyers of the assets.
The divestitures are intended to safeguard local competition and don't require the closure of stores, it said.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
March 13, 2025 08:49 ET (12:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。