EU inquiry deadline into Carrefour buy of Ahold Polish ops extended to April 11 |
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Wed, 14 Mar 2007 11:56
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BRUSSELS (AFX) - The European Commission said the deadline for its inquiry into French supermarket group Carrefour's proposed 375 mln eur acquisition of Dutch peer Royal Ahold NV's Polish retail operations is extended to April 11.The original deadline was March 23.The commission extends inquiries by ten working days in cases where a national competition authority has asked for jurisdiction, or where the companies have offered remedies to competition concerns raised during the investigation.Ahold hopes to finalise the sale sometime in the first half of 2007.Ahold currently operates 179 supermarkets under the 'Albert' brand, four 'Hypernova' hypermarkets and four gas stations in Poland. The Ahold operations employ approximately 10,000 people.simon.zekaria@thomson.comsz/ambCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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EU inquiry deadline into Carrefour buy of Ahold's Polish retail ops March 23 