UK mega-merger sunk by leak

Article Abstract:

Industry experts have suggested Safeway PLC must merge with another supermarket chain, in order to remain competitive against its larger rivals, in the UK food retailing industry. Talks concerning a possible merger with Asda PLC have failed. The proposed merger may not have been agreed by the UK Office of Fair Trading and differences between the two companies may have been difficult to reconcile. A successful merger between Safeway and Asda would have given the new company savings of around 200 million pounds sterling and they would have had sales of 14.5 billion pounds sterling.

Safeway PLC, ASDA Group Ltd.

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Carrefour to merge with Comptoirs Modernes

Article Abstract:

French supermarket group Carrefour has merged with Comptoirs Modernes, its smaller rival and a partner since 1972. The acquisition by Carrefour, which previously held a 22.8% stake in Comptoirs Modernes, is prompted by the fragile Asian markets where it has considerable exposure, and Comptoirs Modernes' plans for entry into the Polish and Brazilian markets.

Grocery industry, Grocery stores, France, Carrefour S.A., Comptoirs Modernes

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Ahold expands in Spain

Article Abstract:

An article about the acquisition of the Spanish supermarket chains Mercasol and Las Postas by the Dutch retail conglomerate Ahold is presented. The acquisition of Mercasol and Las Postas adds six and four supermarkets, respectively, to the Ahold portfolio.

Asset sales & divestitures, Acquisitions & mergers, Netherlands, Spain, Koninklijke Ahold N.V., Mercasol, Las Postas

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