The Spanish Competition Authorities clears a merger - referred back from the EC Commission - in the hard discount large retail distribution sector and adopts its first commitment decision under the new competition regime (DIA/Plus Supermercados)

The Spanish Competition Authorities (Comisión Nacional de Competencia) clears on 3 September 2007 the acquisition of Plus Supermercados (a company previously belonging to the Tengelmann Group, which operates 251 hard -discount stores in Spain) by DIA. The acquirer is a wholly-owned subsidiary of Carrefour, the leading retailing group of daily consumer goods in Spain. DIA operates 2,808 discount stores in Spain. The transaction attained Community dimension by reaching the quantity thresholds set out in article 1.2 of the Council Regulation (EC) n° 139/2004, of 20 January 2004, on the control of concentrations between undertakings (ECMR), (OJEU L 24, 29 January 2004, pp. 1-22) (i.e., the undertakings concerned have a combined aggregate world-wide turnover of more than EUR 5,000 million

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Henar González Durántez, The Spanish Competition Authorities clears a merger - referred back from the EC Commission - in the hard discount large retail distribution sector and adopts its first commitment decision under the new competition regime (DIA/Plus Supermercados), 30 October 2007, e-Competitions Bulletin Merger Remedies, Art. N° 15039

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