Auchan sells its 8 hypermarkets

The Office of Competition and Consumer Protection (UOKIK) has approved the sale of eight Auchan hypermarkets to Schiever Polska and the takeover of two hypermarkets by Auchan, which are currently owned jointly by Auchan and Schiever, the watchdog announced. The transactions will satisfy the condition made by the watchdog regarding the acquisition of retail chain Real by Auchan. In January 2014, UOKIK demanded Auchan sell its eight hypermarkets in order to get the approval for a Real takeover. In December 2012, the Auchan Group purchased 91 Real hypermarkets and 13 malls in Poland, Romania, Russia and Ukraine. The total value of the transaction stood at €1.1 billion.