French competition authorities on Thursday gave the green light for Burger King’s takeover of the 405 outlets of fast-food rival Quick.
“The deal does not harm competition” the watchdog said.
The only obstacle to the deal negotiated through Quick’s owners Qualium Investissement has been overcome with Burger King agreeing to cancel a franchise contract on the island of Corsica.
The deal makes Burger King the second-largest fast-food chain in France behind US rival McDonald’s.
Quick employs 19,000 people and registered turnover of €1.029 billion last year, of which 818 million euros was in the French market.
Burger King currently operates 30 restaurants in France.
Full content: Expatica
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI