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Investing.com -- France’s competition regulator has given the green light to Carrefour (EPA:CARR) on Thursday for its acquisition of the French operations of retailer Louis Delhaize.
The approval comes with several conditions that Carrefour must fulfill.
Carrefour, a multinational retail corporation, is required to divest seven stores to its competitors as part of the agreement. This move is aimed to ensure a balanced competitive environment in the retail market.
Additionally, Carrefour is required to terminate a franchise agreement.
The regulator also stipulated the sale of a shopping center adjoining one of the stores that is set to be divested. This requirement is part of the regulator’s conditions to ensure fair competition in the retail sector.
The acquisition of Louis Delhaize’s French operations by Carrefour represents a significant move in the French retail landscape.
The competition regulator’s approval is a critical step for Carrefour in finalizing the acquisition of Louis Delhaize’s French operations.
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