Regulatory Approval for Carrefour's Acquisition of Louis Delhaize's Operations in France

Investing.com -- The French competition regulator approved Carrefour's (EPA:CARR) acquisition of retailer Louis Delhaize's operations in France on Thursday. This approval comes with several conditions that Carrefour must fulfill.

As part of the agreement, the multinational retail company must divest seven stores to competitors to ensure a balanced competitive environment in the retail market. Additionally, Carrefour is required to terminate a franchise agreement. The regulator also mandated the sale of a shopping center adjacent to one of the divested stores, emphasizing the importance of maintaining fair competition in the retail sector. Carrefour's acquisition of Louis Delhaize's French operations represents a significant move in the French retail industry, and the regulator's approval is a critical step for Carrefour to finalize the purchase.