November 18, 2019 / 3:18 PM / 2 months ago

Italy antitrust opens probe into sale of Auchan Italian assets to Conad

FILE PHOTO: Shopping trolleys are seen at the entrance of an Auchan Hypermarket store in Saint-Sebastien-Loire near Nantes, France, April 30, 2019. REUTERS/Stephane Mahe

MILAN (Reuters) - Italy’s competition watchdog said on Monday it had opened a probe into the sale of the Italian assets of French supermarket group Auchan Retail to Italian co-operative retailer Conad.

In a statement the antitrust said the deal could lead to the creation or strengthening of a dominant market position.

Reporting by Stephen Jewkes, editing by Elvira Pollina

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