Takeover of Casino stores by Intermarché: the Autorité de la concurrence clears the transaction subject to the divestiture of three stores

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Summary:

On July 13, 2023, Intermarchu00e9 announced its plan to acquire 61 food retail stores operated under the Casino group banner. Due to the stores' financial struggles, the Autoritu00e9 de la concurrence granted Intermarchu00e9 a derogation from the suspensive effect of merger control, allowing the transaction to proceed without waiting for the authority's decision. The acquisition was completed in September 2023, and after reviewing the takeover, the Autoritu00e9 de la concurrence cleared the transaction, subject to Intermarchu00e9's commitments, including the divestiture of three stores.