View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 10, 2012

FRANCE: Intermarche set for disposals after Altis all-clear

France's anti-trust watchdog has cleared Intermarche's move to local retail venture Altis - but has asked the company to offload five stores to assuage competition concerns.

By Dean Best

France’s anti-trust watchdog has cleared Intermarche’s move to local retail venture Altis – but has asked the company to offload five stores to assuage competition concerns.

The country’s competition authority announced on Friday (6 April) it had cleared Intermarche’s acquisition of Altis – a 50/50 venture ran by Carrefour and Spanish retailer Eroski.

Altis operated six hypermarkets and ten supermarkets in south-west France on a franchise basis for Carrefour, as well as four hard discount stores. It generated sales of EUR499m (US$659.8m) in 2010, according to Carrefour.

However, France’s competition watchdog has asked Intermarche to sell five Carrefour Market outlets.

Related Companies

Topics in this article: , , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food