The Limited Times

Now you can see non-English news...

Discounter expands: Aldi takes over almost 550 branches in France


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.

Icon: enlarge

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.

Icon: The mirror

fdi / dpa

Source: spiegel

All business articles on 2020-12-01

You may like

Trends 24h

Business 2021-01-27T20:40:54.552Z


© Communities 2019 - Privacy