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Discounter expands: Aldi takes over almost 550 branches in France

2020-12-01T00:37:14.483Z

Aldi Nord is buying big in France: The discounter takes over 547 branches and three warehouses of its competitor Groupe Casino. It is the largest deal of its kind in the company's history.



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Aldi-Nord logo in Essen: Largest acquisition in the company's history

Photo: Roland Weihrauch / dpa

Aldi takes over 547 branches and three central warehouses of competitor Groupe Casino in France.

It is the largest acquisition in the history of the Aldi Nord group, announced the German group.

The grocery discounter put the deal at 717 million euros.

Aldi announced that a binding offer had already been made in March and that the competition authorities had finally given their approval.

The integration of the markets should be completed by the end of 2021.

Most of the branches are currently operated under the Leader Price brand.

Aldi Nord says it wants to expand its market position in France with the acquisition and consolidate its branch network there.

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fdi / dpa

Source: spiegel

All business articles on 2020-12-01

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