Etn. Fr. Colruyt NV (ENXTBR:COLR) agreed to acquire business of 57 Match and Smatch stores and the real estate of 6 sites from Profi Nv and Match on September 21, 2023.

Match and Smatch stores that would be acquired by Colruyt Group recorded a revenue of approximately ?300 million in 2022. The transaction is subject to approval by the Belgian Competition Authority (BCA), which is expected to be obtained in the coming months. Upon completion of the transaction, which is expected to take place in the first quarter of 2024, the Match and Smatch stores concerned will be fully consolidated in the consolidated figures of Colruyt Group.

Pierre-Olivier Mahieu of Allen & Overy LLP (Brussels) acted as legal advisor to S.A. Profi (Smatch) and Match.