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Merger of leading Japanese drugstore operators Aeon, Tsuruha approved conditionally

By Sachiko Sakamaki ( April 30, 2025, 08:45 GMT | Insight) -- Japanese retail giant Aeon’s proposed merger with Tsuruha Holdings, which would create the largest drugstore group in Japan, received conditional approval today from the Japan Fair Trade Commission. The merger was cleared on the condition that the merged entity divests one store in each of 10 commercial areas deemed problematic from a competition standpoint. Japanese retail giant Aeon’s proposed merger with Tsuruha Holdings, which would create the largest drugstore group in Japan, received conditional approval today from the Japan Fair Trade Commission, or JFTC. The merger was cleared on the condition that the merged entity divests one store in each of 10 commercial areas deemed problematic from a competition standpoint....

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