Jeronimo Martins’ acquisition of 77 Plus discount stores in Portugal from German retailer Tengelmann has been approved by Portugal’s competition regulator.


In a filing with the stock exchange, Jeronimo Martins said that the deal has been given the green light provided that the retailer will commit to disposing of one of the two stores it will own in the Seia region.


In the rest of Portugal, the competition authority Autoridade da Concorrencia (AdC) stated that Jeronimo Martins could not increase its selling area for three years.


Furthermore, the AdC has said that Jeronimo Martins will be blocked from requesting licences or increasing selling area in the country for one year.


In December, Jeronimo Martins and Tengelmann reached an agreement over the sale of the German group’s 75 Plus stores in Portugal and 210 in Poland for a sum of EUR320m (US$498.35m).

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now