Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Casino, Intermarche win fight against EU antitrust regulators

Published 03/09/2023, 05:41 AM
Updated 03/09/2023, 05:45 AM
© Reuters. FILE PHOTO: People queue to enter a Casino supermarket amid the coronavirus disease (COVID-19) outbreak, in Nice, France, March 16, 2020. REUTERS/Eric Gaillard

By Foo Yun Chee

BRUSSELS (Reuters) - Casino and Intermarche on Thursday won the backing of Europe's top court in their fight against EU antitrust regulators and their attempt to investigate the French supermarket groups' buying alliance.

The case underscores the increasing willingness by some companies to challenge the EU competition watchdog on what they perceive as regulatory over-reach and excessive demands for information.

The European Commission had in 2017 ordered the companies to submit to an inspection on suspicions of anti-competitive practices. It subsequently launched an investigation into their 2014 purchasing alliance which was dissolved in 2018.

Casino and Intermarche protested against the actions and took their case to Europe's top courts.

The Luxembourg-based Court of Justice of the European Union (CJEU) annulled the EU antitrust watchdog's decision.

Judges said the information obtained by the Commission to justify its demands to the companies "are not substantiated by sufficiently serious indicia".

The CJEU also criticised the competition agency for not recording interviews with the companies' suppliers.

© Reuters. FILE PHOTO: People queue to enter a Casino supermarket amid the coronavirus disease (COVID-19) outbreak, in Nice, France, March 16, 2020. REUTERS/Eric Gaillard

"That obligation applies irrespective of whether the interview in question was conducted before the formal opening of an investigation, in order to collect indicia of an infringement, or afterwards, for the purpose of collecting evidence of an infringement," the court said.

The cases are C-682/20 P Les Mousquetaires et ITM Entreprises v Commission, C-690/20 P Casino, Guichard-Perrachon et Achats Marchandises Casino vCommission, and C-693/20 P Intermarché Casino Achats v Commission.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.