ROMANIA: Regulator Issues Conditional Approval For Auchan-Real Deal
The deal is part of Auchan’s wider €1.1bn acquisition of Real’s assets in Poland, Ukraine, Russia, and Romania. With the move, Auchan now has 31 outlets in the country.
As reported by Brand Privat, the deal has been approved after voluntary agreements by the retailers abide by conditions related to the cities of Craiova and Targu Mures. The first will see Auchan not increase selling prices by more than 5% (compared to the average price of other stores) for a period of three years; while the second will see Auchan not open new stores in the two markets for five years.
The move leaves Real with four hypermarkets in the country.
Source: www.kamcity.com
