France Clears Aldi's €735M Casino Group Deal With Fix

Law360 (November 18, 2020, 7:30 PM EST) -- France's competition enforcer said Tuesday it has cleared Aldi's planned deal to scoop up more than 550 Leader Price stores and other assets from Casino Group for €735 million ($872 million), after the supermarket chain agreed to sell several locations.

The Autorité de la Concurrence said in a statement that its analysis found the move as initially proposed could have resulted in higher prices or fewer product choices for consumers in nine areas in France where Aldi would have held a market share of more than 40%.

"To resolve these competition concerns, Aldi has committed to sell nine Aldi or Leader...

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