Schwarz Group’s acquisition of La Cocoș conditionally approved by Competition Council

The Competition Council announced on Tuesday that it has conditionally authorized the transaction through which the Schwarz Group, through Project Brazil Beta GmbH, takes over Supermarket La Cocoș SA, following the authority’s investigation into the case.

„This is the second case in the history of the authority in which we have launched an investigation into the analysis of an economic concentration, which highlights the importance of this transaction and its potential impact on the market. As a result, the authorization was conditioned by clear commitments, aimed at protecting competition and consumer interests. These ensure the maintenance of the commercial model of the La Cocoș network, characterized by low prices and high sales volumes, the protection of suppliers and the maintenance of an adequate level of competition on the food retail market. At the same time, the commitments provide for investments to expand the network at national level, while maintaining the same bu...