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France: Carrefour agrees to let go of 56 stores for merger

By  |  November 23, 2014

French supermarket conglomerate Carrefour has reportedly reached an agreement with competition authorities to acquire discount supermarket business Dia France, though the agreement included concessions.

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    Reports say Carrefour will divest 56 stores to acquire the French unit of Spain-based Dia, the world’s third-place discount supermarket operator. Dia and Carrefour reached a merger agreement in June, say reports, worth about $747 million.

    France’s competition authority announced the merger approval Friday.

    Full content: Reuters

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