Merger Of Top Two Retailers Approved

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The Colombian anti-trust agency has authorised the merger of the country's two largest retailers, Exito and Carulla Vivero, on the condition that 11 of the 256 stores operated by the two retailers are sold. The merged entity will have more than a 50% share of the mass grocery retail (MGR) market. The next biggest company, Carrefour, controls approximately 18% of the