Czech authority will decide on Ahold's Spar purchase | RetailDetail

Czech authority will decide on Ahold's Spar purchase

Czech authority will decide on Ahold's Spar purchase

The local Czech competition authority will decide whether Ahold's purchase of Spar's Czech activities can go ahead. The European Commission believes it is the most suited to assess the effects on the local market.

Market leader through purchase

The Dutch company had announced in March that it wishes to purchase Spar's 50 Czech stores, to add to its 284 Czech stores which operate under the Albert brand. The purchase would help increase its current 1.45 billion euro in yearly turnover to 3.3 billion euro and that means Ahold would become the market leader in this area.

 

Ahold has called it a "strategic" purchase, which underlines its intentions to remain active in the Central European market, despite selling off its Slovakian Albert and Hypernova formulas.

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