The French Competition Authority clears a merger in the distribution of frozen food products market (Picard Group / Zouari family/ Lion Capital)

Distribution of frozen food products* The Autorité de la concurrence clears the joint takeover of Picard Group by the Zouari family and Lion Capital. The Zouari family, together with Lion Capital investment fund, notified the Autorité de la concurrence of its plan to acquire joint control of Picard Group. Parties to the transaction The Zouari family controls retail food stores operating under the Casino banner. Until the end of 2019, the Zouari family controlled, alone or jointly, several hundred stores operating under the Casino banner. Since the vast majority of these stores were sold to Casino (see Decision 19-DCC-239 of 12

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French Competition Authority, The French Competition Authority clears a merger in the distribution of frozen food products market (Picard Group / Zouari family/ Lion Capital), 15 January 2020, e-Competitions Bulletin February 2020, Art. N° 93144

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