Summary:
Covirán is looking to acquire stores from Auchan in Portugal.
The acquisition is linked to conditions set by the Portuguese Competition Authority.
Minipreço chain's acquisition is part of Auchan's strategy to comply with regulatory requirements.
Covirán Eyes Expansion in Portugal
Spanish supermarket chain Covirán is setting its sights on potential acquisitions in Portugal as French retailer Auchan is compelled to divest some of its Portuguese stores. This move comes as a requirement from the Portuguese Competition Authority (Autoridade da Concorrência - AdC) to approve Auchan's acquisition of the Minipreço chain. This strategic acquisition could significantly enhance Covirán's presence in the Portuguese market, capitalizing on Auchan's sell-off.
For more details, check the full article on esmmagazine.com.
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