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Auchan’s acquisition of hypermarkets and shopping centres received Competition Council green light

By Anca Bernovici
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The Competition Council approved French group Auchan’s takeover of hypermarkets and 12 shopping malls operated by the retailer, which was previously renting for its outlets, a press release informs on Thursday.

The transaction, estimated at over EUR 260 million, is one of the largest on retail market in Central Europe and the largest in Romania in 2014, Mediafax notes. The 12 hypermarkets and shopping galleries are located in Bucharest, Ploiesti, Cluj-Napoca, Baia Mare, Timisoara, Oradea, Satu Mare, Galati.

The operation will be done through the acquisition of sole control by Auchan on Tim Property Development, Ideal Casa Design, BR Real Friends, Compact Motor, Art Bau International, Metro Imobiliare Investment and on asset and lease contracts carried out by Rolast in Pitesti Shopping Centre.

 

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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