Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Tesco-Carrefour merger decision postponed

THE TESCO and Carrefour retail chains did not receive a decision from the competition authority on their proposed merger on the Slovak market as expected by the November 20 deadline.

The Anti-Trust Bureau (PMÚ) said it would now rule by January 17, 2007 on the deal, PMÚ spokesperson Alexandra Bernáthová told the SITA news agency.

"This is the final deadline for the office to decide on the merger," she said.

The PMÚ extended the deadline in order to study how the terms and duties in the draft deal submitted by Tesco will affect the market. The deadline for the decision on the takeover of Carrefour's Slovakia outlets by Tesco has already been extended several times.

Under the existing plan, Tesco and Carrefour will exchange units in different countries where they currently operate in order to end their operations in countries where they have small market shares. This should strengthen the positions of both companies in the countries they choose to focus on.

Tesco wants to sell Carrefour six stores and two building sites in Taiwan for €57.4 million, while in return it should receive 15 Carrefour hypermarkets, 11 in the Czech Republic and 4 in Slovakia.

Top stories

Problematic highway stretch, Turany-Hubová, will go via Korbeľka tunnel

This variant is more environmentally friendly compared with the surface variant originally planned.

Landslide during construction of the highway near Šútovo in 2013.

Talent is not always enough - sport is an expensive hobby

Promising young athletes often do not have the chance to bring their talent to the next level due to lack of funds.

Slovakia remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.

Adient technology centre announces major growth phase

It is looking for product designers, engineers and test technicians.

Designing new components in Adient in Trenčín.