Carrefour: will appeal Indonesia antitrust ruling
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The Indonesian subsidiary of French supermarket chain Carrefour said last week it has filed an appeal against an antitrust ruling ordering it to sell its 75-percent stake in a local retailer.
The Business Competition Supervisory Commission in November
ordered Carrefour Indonesia to sell its stake in Alfa to outside
parties after it ruled that the chain dominated more than 50 percent
of the market.
The appeal was filed with the South Jakarta district court in
mid-December last year, spokesman Irawan Kadarman told AFP.
"In principle, we disagree with the Business Competition
Supervisory Commission's verdict which said we're in a dominant
position and that we should divest our shares in Alfa," he
added.
"Carrefour has not been conducting monopolistic practices.
The commission's findings are baseless, so we've filed an appeal,"
Kadarman said, adding that the first hearing is scheduled for
mid-January.
Carrefour, the world's second biggest retailer, bought Alfa in
2008 for 674 billion rupiah (70.9 million dollars).
It has 45 stores across Indonesia while Alfa has 30.
Source:AFP