ALERTE: MERGER - CLEARANCE SUBJECT TO REMEDIES - TRANSITION FROM JOINT CONTROL TO SOLE CONTROL - ASSET TRANSFER

Clearance subject to remedies: The French Competition Authority clears, while demanding the transfer of ownership of 58 retail stores, the acquisition of sole control of a French retailer (Monoprix, Casino Guichard-Perrachon)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 31 July 2013, the French Competition Authority posted online Decision No. 13-DCC-90 of 11 July 2013 authorising, subject to undertakings, Casino's acquisition of sole control of Monoprix. Firstly, and contrary to what I indicated when the decision was made public on 10 July, the Authority did indeed consider that the transaction resulted in a change from joint to sole control. On the other hand, it considered that this change from joint to sole control was not neutral from a competition point of view, contrary to what was argued by the notifying party. Indeed, the Authority notes that when the two mothers are in a competitive situation prior to the

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