France’s competition watchdog has cleared Casino’s bid to take full control of convenience chain Monoprix.

The French Competition Authority has stipulated Casino offloads 58 of its stores across the country.

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However, Casino will welcome the green light. In March, the regulator expressed “serious doubts” over the retailer’s bid to take full control of Monoprix in which it already owned a 50% stake.

Casino said the stores to be disposed are not part of the Monoprix network and account for under 1% of group sales.

The announcement brings an end to the saga over the ownership of Monoprix. Casino had owned Monoprix in a venture with department store chain Galeries Lafayette. However, the pair fell out over the valuation Galeries Lafayette put on its 50% stake and Casino took legal action. The two sides reached a deal last June, with Casino agreeing to pay EUR1.18bn to take full ownership of Monoprix.

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