The Portuguese Competition Authority clears a merger in the food and fuel retail distribution markets with remedies, including limitation and reduction of sale areas and not to apply for new licences (Sonae / Carrefour)

The operation Sonae Distribuição (Sonae) is a sub-holding of the Sonae Group which operates in food and non-food retail markets. Carrefour Portugal (Carrefour) is a company of the Carrefour Group which operates in food retail markets. Sonae proposed acquiring 99,8648% of Carrefour issued share capital (para. 1.1). In fact, the merger notified included Sonae Distribuição's acquisition of twelve operational Carrefour hypermarkets, thirteen projected Carrefour hypermarkets, which had already been granted planning permission by the relevant authorities, and eight fuel stations currently operated by Carrefour next to its supermarkets. The market(s) The PCA assessed the effects of the merger in relation to (i) retail food distribution in Braga, Paços de Ferreira/Penafiel, Vila Nova de

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Ricardo Oliveira, The Portuguese Competition Authority clears a merger in the food and fuel retail distribution markets with remedies, including limitation and reduction of sale areas and not to apply for new licences (Sonae / Carrefour), 27 December 2007, e-Competitions Bulletin Energy & Mergers, Art. N° 21053

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