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Intermarché wins French nod for Casino stores deal, but must divest 11

( November 28, 2024, 13:21 GMT | Official Statement) -- MLex Summary: Intermarché group has won retrospective approval for its acquisition of 200 former Casino group food-retail stores, the French competition authority said today, stressing that some of them must be divested. The authority had granted Intermarché a derogation from the suspensive effect of merger control, which allowed the buyer to complete the deal ahead of the agency's decision on the transaction. Intermarché will have to divest eleven stores to rivals to ensure that consumers have sufficient alternatives....

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