Grocer Intermarché has received approval from competition authorities to take over 20 Altis stores operating under the Carrefour banner. Last year, Intermarché reached an agreement with Spanish grocer Eroski to acquire the Altis joint venture in southern France.
Eroski had already purchased Carrefour’s 50% stake in Altis, which operated six Carrefour hypermarkets, 10 Carrefour Market supermarkets and four discount stores. To meet competition requirements, Intermarché agreed to cede three Carrefour Market stores, one Champion store and one store under the Intermarché banner.
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