Carrefour has got the green light from the Argentine competition authority for the acquisition of discount supermarket chain Eki. Carrefour will take control of the struggling Argentine retailer, which operates 120 stores across the country, while retaining its 2,300 employees. The transfer contract is expected to be signed before July 13. The smaller stores will be rebranded to Carrefour Express while the Super Eki outlets will be converted to Carrefour Market. The cost of the total operation of the acquisition and rebranding of the stores is estimated to be ARS300m (£44m).

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