The Office of Competition and Consumer Protection (UOKiK) has approved the acquisition of Real stores in Poland by retail giant Auchan, provided that the company sells eight of the hypermarkets, the watchdog said on Tuesday.
Auchan will have to sell Real stores in Białystok, Bielsko-Biała, Czeladź, Legnica, Rzeszów, Szczecin, Wałbrzych and Sosnowiec. The sale has to be carried out within 18 months from finalizing the takeover deal.
In the autumn of 2012 France’s Auchan signed a deal with Germany’s Metro Group on the acquisition of the Real network in Central and Eastern Europe. Auchan agreed to pay €1.1 billion for 91 hypermarkets in Poland, Russia, Romania and Ukraine, as well as 13 shopping malls in Russia and Romania.
Auchan owns 27 hypermarkets in Poland and runs a chain of Simply Market stores as well.
From Warsaw Business Journal
Poland’s PM owes Putin one
BY Remi Adekoya
A day full of possibilities
BY Andrew Kureth