Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Auchan Bid for Real Hypermarkets Approved by Russian Anti-Trust Agency
4.03.2013 20:28
Auchan Bid for Real Hypermarkets Approved by Russian Anti-Trust Agency
Photo Credit:

Auchan got the official go-ahead to purchase the Russian division of the Real store chain, a deal earlier reached with its parent Metro Group.

      Russia’s Federal Antimonopoly Service approved Auchan’s bid with one reservation.

      According to the ruling, Auchan will have to close its own hypermarket located in the town of Kotelniki, just outside Moscow. Retailors in Russia are obliged to keep their share of the local FMCG market below 25 percent.

      In November 2012, Auchan negotiated a 1.1bn euro deal with Metro Group to buy out the Real hypermarket chain in Eastern and Central Europe. 

Author: Mikhail Vesely

Tags: Auchan Federal Antimonopoly Service Metro Group Real hypermarkets  

Next Previous

You might also find interesting:

Business Activity of Russian SMEs is Close to Stagnation
The HSE Business Incubator Has Become the Best University Accelerator in the World
The Index of Business Activity of Russian SMEs Dropped Down
Russian Tickets' Resale Platform Attracted $ 1 Million from Private Investors
Shadow Sector Salaries in Russia

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Rostov  Ust-Poluy  Immune Cells  St. Petersburg  Russian banks  Golden Horde coins  Mercedes-Benz Fashion Week Russia  3D Printing  Pskov  Concerts in Moscow  Carpentry  Smolensk  Mikhailovsky Castle  Fine Arts  Russian business  Irbit Fair   organic chemistry  Vologda region  Legal Services in Russia  Tatarstan  Roskosmos   Presidential Regiment  Exhibitions in Moscow  Premier League  Astrakhan  Literary Prizes  Fairs in Moscow  Russian Cinema  Russian tourism  Andrey Tupolev  Tver region  Kolomenskoye Museum Estate  Zaraysk  Festival of graphics  Russian event  Russian Composers  Leningrad Region  technology  VDNKh  Russian universities  International space station  Russian culture  Brass Music Festival  Monuments in Yekaterinburg  Mikhail Bulgakov  Moscow  satellite  Russian regions  travel to Russia  Festivals in Moscow 

Travel Blogs
Top Traveling Sites