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The competition authority is considering the acquisition of Conforama by But

A new stage has been reached in the case of the possible acquisition of Conforama by the shareholder of But, Mobilux. The competition authority was thus seized to examine, within 25 days, this proposed acquisition. A review which can begin as soon as Mobilux has officially placed the takeover offer on the table. The takeover of the furniture giant by But is the solution favored by the unions who announced last week that the discussions between Mobilux and Conforama France for the acquisition of the latter were well advanced.

This operation “of European dimension taking into account the turnover of the companies concerned” should in principle be examined by the European Commission. “However, the parties have requested […] its referral to the French Competition Authority, considering that it was in a better position to examine it “, explains this body in a press release.

Turn Steinhoff page

“The sale of Conforama France to the Mobilux group appears to be the only lasting solution to turn the page on the catastrophic results of the Steinhoff years [l’actionnaire sud-africain qui contrôle Conforama depuis 2011, ndlr], which resulted in considerable debt and the loss of 1,900 jobs, “FO said after a meeting of a central social and economic committee (CSEC) at Conforama France.

>> Read also – Conforama: “Uncertainty weighs on the health, psychology and family of employees”

“Mobilux’s current offer, analyzed by accounting experts from the CSEC, meets all of Conforama France’s needs, since it includes all of the liabilities (including full funding of the PES – job protection plan , editor’s note) and assets “, namely the Conforama brand, all establishments and all employees,” with the exception of stores and employees affected by the PES “, had detailed the union.

The brand implemented PSE approved on February 27

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