EC authorizes the Competition Council to analyse Cora’s taking over by Carrefour

The analysis of the transaction by which the French group Carrefour will take over all Cora stores in Romania will pass from the European Commission to the Competition Council, in the context in which the local market will be the most affected by this transaction, the authority announced on Friday.

The Carrefour Group intends to take over Romania Hypermarche S.A., the company that operates the “Cora” hypermarket chain and “Cora Urban” convenience stores in Romania.

“The transaction was, initially, under the analysis of the European Commission, considering that companies that carry out activities in several countries are involved, but because the Romanian market is the most affected by this operation, the Romanian competition authority requested to take over the case . The European Forum approved that the analysis be done at the national level. As a result, the transaction must be authorized by the Competition Council, which will evaluate the operation in order to establish its compatibility with a normal competitive environment and will issue a decision within the terms provided by law,” the Competition Council announced on Friday.

The French retailer Carrefour announced in April 2023 that it will take over the Cora stores in Romania, after signing an agreement with the Louis Delhaize Group. The agreement involves the takeover of Cora’s activities in Romania, including 10 hypermarkets and 8 Cora Urban stores, as well as the takeover of approximately 2,400 employees.

analysisCarrefourCompetition CouncilCoraEuropean CommissionFrench retailerRomaniastorestransaction
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  • Panagiotis Spyridis

    I wander what the local Competition Authority is doing in Bucharest. You can not have Only Mega Image urban stores also placed so close to each other. I seems like Paradise of price setting. All local mini-markets squeezed out.