Regulatory approval has been granted to the acquisition of Puerto Rico’s largest supermarket chain, Supermercados Amigo, by a unit of US retail giant Wal-Mart.
The approval comes with the condition that Wal-Mart sells four Amigo stores to a rival, Supermercados Maximo, in order to protect competition among supermarkets.
Wal-Mart announced back in February that it was planning to acquire the 36-store Amigo chain, but some of the other retailers in Puerto Rico complained, saying it would give Wal-Mart a near 40% share of the local market, reported the New York Times.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData