Casino, Guichard Perrachon : Casino Group: The notification process to the French Competition Authority of the taking over of
Casino, Guichard Perrachon : Casino Group: The notification process to the
French Competition Authority of the taking over of the exclusive control of
Monoprix by Casino continues
The notification process to the French Competition Authority of the taking
over of the exclusive control of Monoprix by Casino continues
Casino formally notified to the French Competition Authority the taking over
of the exclusive control of Monoprix on 7 January 2013. The first phase of the
case review process was initiated on 6 February 2013, when the French
Competition Authority declared the documentation complete.
As expected, the French Competition Authority stated, at the end of the first
phase of review on 12 March 2013, that the case required a thorough
examination, called phase 2, which will allow Casino to put forward all its
arguments to the French Competition Authority.
Groupe Casino notes the intention of the French Competition Authority to take
the opportunity of phase 2 to estimate the competitive pressure exerted on the
stores located in Paris by other food retail channels as well as by the
hypermarkets in the near suburbs.
The opening of the phase 2 is a required step to the taking over of the
exclusive control of Monoprix by Casino. This phase should take a few months,
within the mandatory regulatory timeframe, and the decision of the French
Competition Authority should be obtained, as previously disclosed, in the
summer.
ANALYST AND INVESTOR CONTACTS
Régine GAGGIOLI - Tel: +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
or
+33 (0)1 53 65 64 18
IR_Casino@groupe-casino.fr
Group external communication department
press contacts
Aziza BOUSTER
Tel: +33 (0)1 53 65 24 78
Mob: +33 (0)6 08 54 28 75
abouster@groupe-casino.fr
IMAGE 7
Grégoire LUCAS
Tel: +33 (0)6 71 60 02 02
glucas@image7.fr
2013-03-13 - PR Monoprix
------------------------------------------------------------------------------
This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.
Source: Casino, Guichard Perrachon via Thomson Reuters ONE
HUG#1685113
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement
Rate this Page