Greek competition authority approves Sklavenitis-Marinopoulos deal
- Written by E.Tsiliopoulos
Greece's competition authority on Thursday approved the acquisition of Marinopoulos’ supermarket stores by Sklavenitis, under conditions known to the public for the last two weeks.
As a precondition for approving the deal, the authority required Sklavenitis Group to implement a series of commitments, such as liquidating 22 stores and to maintain for a transition period of three years and under conditions all commercial partnership agreements signed between Marinopoulos and small local suppliers.
The authority said that these structural measures were "adequate, appropriate and proportional" for ensuring conditions of efficient competition in the supermarket sector on a local level and in the procurement market in Greece.
Marinopoulos, one of the leading supermarkey chains in Greece filed for bankrupcy in the summer, leaving thousands of employees in the air, with many months pay in arrears.
Related items
-
Signature for hydrocarbon exploration in the marine plots south of Crete and the Peloponnese
-
Inaugural Brunswick Greek Festival attended by thousands
-
Kikilias-Ito: Greece and Japan open new horizons in maritime and technological cooperation
-
Queues in Thessaloniki for a Lex hat
-
Greece's drone manufacturing capabilities revealed
Latest from E.Tsiliopoulos
- Signature for hydrocarbon exploration in the marine plots south of Crete and the Peloponnese
- Inaugural Brunswick Greek Festival attended by thousands
- Kikilias-Ito: Greece and Japan open new horizons in maritime and technological cooperation
- Queues in Thessaloniki for a Lex hat
- Greece's drone manufacturing capabilities revealed
