date:Jul 11, 2013
France's antitrust authority has approved Groupe Casino's move to take sole control of the upmarket supermarket chain Monoprix, on condition that it sells more than 10% of its Paris-based stores.
Of around 500 stores operated by the group in the capital city, Casino has agreed to sell 55 stores - as well as three additional stores in other parts of France.
The decision follows an investigation into Casino's plans to acquire a additional 50% stake in Monoprix from its partner Galeries Lafayette