Tesco store acquisitions in Slovakia blocked

Slovakia's antitrust agency has banned the UK-based supermarket giant Tesco from purchasing four local stores owned by French peer Carrefour. The two retailers had designed a store-swap plan between them to exit markets in which they have low market shares. Carrefour was to swap 11 hypermarkets in the Czech Republic and four in Slovakia for eight Tesco supermarkets in Taiwan.

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