EU Opens Probe on Casino, Intermarche for Possible Collusion
November 04 2019 - 6:19AM
Dow Jones News
By Cristina Roca
European Union antitrust authorities on Monday said they have
opened an investigation to assess whether two of France's largest
grocery chains coordinated in the market in breach of EU
competition rules.
The European Commission, the bloc's antitrust authority, said it
is concerned that Casino Guichard-Perrachon SA (CO.FR) and Les
Mousquetaires-owned Intermarche went beyond the purpose of a joint
procurement alliance they formed in 2014 for their branded
products.
The commission will investigate whether the two retailers
coordinated the development of their store networks and pricing
policy toward customers, it said.
The EU probe follows unannounced inspections by the commission
at Casino and Intermarche's premises in May this year and in 2017.
It is part of the commission's efforts to make sure grocery retail
delivers benefits to customers, the EU regulator said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
November 04, 2019 06:04 ET (11:04 GMT)
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