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PMÚ approves sale of Albert and Hypernova chains
4 Feb 2014 Flash News
THE ANTIMONOPOLY Office (PMÚ) has approved the sale of the Albert and Hypernova grocery store chains to Condorum, a company with ties to the J&T financial group, represented by Michal Holík and Stephan Fanderl.
Condorum already operates more than 90 stores under Terno and Moja Samoška in Slovakia. As the main business activities of these retail chains are similar to those of Albert and Hypernova, previously owned by Dutch firm Ahold, the PMÚ examined whether the sale would harm competition on the market, the SITA newswire reported.
The PMÚ informed that the activities of all four chains overlap in Bratislava, Trenčín and Pezinok, but in none of these cases would they hinder the competition, as the customers still have also other options for their shopping.
The decision became valid on January 29.
The Hypernova and Albert store logos will not disappear immediately, but only after their new owners change the design of the premises, the Sme daily wrote. Four Albert stores might be redesigned in the first half of the year, Peter Seidner from Moja Samoška told Sme, adding that Hypernova might disappear from the capital by the end of this year.
Source: SITA, Sme
For more information about this story please see: Ahold sells supermarkets to company close to J&T
Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.More from Flash News
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