Mergers & Acquisitions Mergers & Acquisitions

E. Leclerc deal sunk in first merger veto wielded by France's competition agency

By Nicholas Hirst
  • 28 Aug 2020 08:07
  • 28 Aug 2020 08:07
E. Leclerc's bid to take over a hypermarket run by Géant Casino was blocked today, marking the first time that France's competition authority has formally prohibited a merger.

The agency said it "wanted to preserve competition to the benefit of the hypermarkets' customers and avoid price increases," Autorité de la Concurrence head Isabelle De Silva

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