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BRUSSELS (Reuters) - EU antitrust regulators on Monday opened an investigation into Casino (PA:CASP) and Intermarche's purchasing alliance on concerns that the two French supermarkets may be colluding in breach of the bloc's competition rules.
The move by the European Commission followed dawn raids of the supermarkets in February and May this year.
Casino and Intermarche announced in 2014 a purchasing alliance in France that was dissolved last year when Casino and France's Auchan sealed a global buying deal.
"The Commission is concerned that Casino and Intermarche went beyond the purpose of their alliance and engaged in an anticompetitive conduct," the EU competition enforcer said.
(Reuters) -Holiday Inn owner IHG announced a $500 million share buyback on Tuesday after half-year profit more than doubled, boosted by higher room prices, strong demand for...
(Corrects 'billion' to 'trillion' in fifth paragraph) LONDON (Reuters) -Britsh insurer Legal & General said it was on track to meet or beat cash and capital generation goals as it...
By Tristan Chabba and Jagoda Darlak (Reuters) -Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation, after...
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