The competition watchdog agreed – without conditions or rules, about six months from the announcement of the deal that included the ten hypermarkets and several convenience stores Cora had in Romania.
Cora ended 2022 with RON1.51 billion sales, 2.3% lower than in 2021 and was the only retailer to see its business shrink in a year with record inflation that led to price hikes that kept the other store chains growing.
On the other hand, Carrefour posted RON15 billion in cumulated sales (via several entities), an increase of 12.6% year-on-year.
The Carrefour-Cora deal is one of the largest in the grocery retail sector in the last few years. With this move, Cora will exit Romania.
(English version by Loredana Fratila-Cristescu)