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TESCO banned from buying Carrefour assets by Slovakia government

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According to a new development, Tesco will not be able to buy the Carrefour assets in Czech Republic. In an official statement, the Slovakian Antimonopoly Office has said that it has banned Tesco from buying Carrefour hypermarkets in the country.

The approval to buy these hypermarkets by Tesco was given by the European Commission the end of 2005. Though, the EU executives had asked the Slovak government to investigate the sale of stores in that country.

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