Thursday, December 31, 2009

Carrefour refuses to sell Alfa, files appeal

Countries where Group Carrefour is present.Image via Wikipedia

French-based retail giant Carrefour has defied the anti-monopoly watchdog’s order to sell its Alfa subsidiary and has instead filed an appeal against the verdict.

In November, the Business Competition Supervisory Commission (KPPU) found PT Carrefour Indonesia guilty of unfair business practices following the acquisition of the PT Alfa Retailindo.

The commission ordered the retail giant to sell all of its shares in Alfa worth Rp 675 billion (US$ 71.55 million) within a year and fined the company Rp 25 billion.

Irawan Kadarman, Carrefour Indonesia's corporate communications director, told The Jakarta Post on Wednesday the retail giant would not comply with the orders until a final legal decision in the courts had been reached.

An appeal against the verdict had been filed at the South Jakarta District Court, Irawan said.

“We maintain our position that Carrefour has in no way been conducting monopoly practices,” he said.

The first court hearing is scheduled for Jan. 11, 2010.

KPPU spokesman Ahmad Junaidi said that Carrefour’s rejection was based on a lack of facts.

“It’s their right to file an appeal,” he said.

“We, however, are optimistic the court will rule in favor of us. Our ruling is based on deep analysis and investigation, which has resulted in convincing evidence that Carrefour has conducted unfair business practices,” he said. (bbs)

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