Auchan devours Hungary hypermarkets

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Tobias Gourlay

BY TOBIAS GOURLAY

Auchan devours Hungary hypermarkets

French retailer agrees deal to buy seven Cora hypermarkets from Belgium's Delhaize

Auchan devours Hungary hypermarkets

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Auchan has reached an agreement to acquire Delhaize's seven hypermarkets in Hungary, Planet Retail has reported.

If the deal is approved by competition authorities, three large stores in and around Budapest and four similar outlets elsewhere will pass to Auchan.

Ownership of the seven outlets would take Auchan's total of hypermarkets in Hungary to 19.

The agreement, which is likely to be finalised in the first quarter of 2012, does not involve Delhaize's Hungarian supermarkets and discount stores.

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