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Parfait group fined €7.6m in France for failure to meet divestment commitment

( November 3, 2025, 15:27 GMT | Official Statement) -- MLex Summary: Group Parfait has been fined €7.6 million by France's competition authority for failing to sell the La Batelière hypermarket on time, the watchdog said Monday. In 2022, the company agreed to divest the hypermarket in the French overseas territory of Martinique to a competitor by Sept. 22, 2023, to win approval for its acquisition of the Géant Casino hypermarket and the La Batelière shopping center. The watchdog said Parfait also failed to preserve the value of the assets and to actively cooperate with the monitoring trustee. This is the first time the authority has levied three fines for non-compliance with commitments in the same decision.Statement follows. ...

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