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Intermarche Gets Altis All-Clear

Published on Apr 11 2012 7:54 PM in Retail

Intermarche Gets Altis All-Clear

France's competition authority has cleared Intermarche's move to acquire retail venture Altis. The competition watchdog has announced that it has cleared Intermarche's acquisition of Altis, the 50/50 venture by Carrefour and Spanish retailer Eroski.

Six hypermarkets, ten supermarkets and four discount stores in south west France are operated on a franchise basis by Altis for Carrefour. It generated €499 million in sales in 2010, said Carrefour.

The French competition watchdog has asked Intermarche to sell five Carrefour Market outlet to assuage competition concerns. (11 Apr)

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© 2012 ESM: European Supermarket Magazine

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