Aldi bags a record deal in France

The food discounter Aldi takes over 547 branches and three central warehouses of the competitor Groupe Casino in France. It is the largest acquisition in the history of the Aldi Nord group, as the German group announced in Essen.

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Aldi Nord put it at 717 million euros. A binding offer was made in March, and the competition authorities have now finally given their approval. The integration of the markets should be completed by the end of 2021.

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Most of the branches are currently operated under the Leader Price brand. With the acquisition, Aldi Nord wants to expand its market position in France and consolidate its branch network, as it was said.

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