Competition Council examines the economic concentration by which the group Carrefour takes control of retail business operated in Romania under the brand ‘Billa’ group Rewe (Billa Romania SRL and Billa Invest Construct SRL), and any comments or views in connection with the merger may be submitted until March 16, a release of the CC sent Wednesday to Agerpres.
Rewe Group will maintain its other retail activities in Romania, focusing on its network of discounter stores.Although the transaction was initially notified to the European Commission, the Competition Council in Romania was considered more appropriate authority to carry out a detailed analysis of the markets where Carrefour strengthens its position following the takeover of Billa stores.
The competition authority will assess economic concentration in terms of its compatibility with a normal competitive environment, in accordance with the Regulation on the authorization of economic concentrations. Carrefour is a member of Carrefour Group, which operates in the retail of food and non-food Consumer in over 30 countries. In Romania, Carrefour operates through shops hypermarket (Carrefour Hypermarket), supermarkets (Carrefour Market), as well as convenience stores (Carrefour Express).
Competition Council invites interested third parties to submit any comments or views about the economic concentration notified.Comments or views can be sent to the Competition Council until March 16, 2016. Carrefour announced in the December 22 signing of a purchase agreement with the company Rewe Group Billa Romania, but the transaction must be approved by the Competition Council.
‘Spread throughout the Romanian, the 86 Billa supermarkets Romania represents a total sales area of 83,000 square meters. Thanks to this acquisition, Carrefour becomes the first operator of supermarkets in Romania, strengthening and thus also offer multiformat and going closer to its customers, “it was stated in the release. Carrefour, the second group of distribution worldwide and the first in Europe, has over 380,000 employees worldwide. ‘Present in 35 countries with more than 12,000 stores, the group achieved a turnover of 100.5 billion euros in 2014, “the release reads.