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European Commission grants approval for acquisition of Conforama by the XXXLutz group

The European Commission (EC) has approved the acquisition of full control over the Conforama furniture chain in Spain and Portugal by the Austrian group XXXLutz. This is reported by the Spanish Alimarket.

The EC's decision indicates that the transaction does not pose any competition concerns. After encountering obstacles in previous attempts since 2018-19, Grupo Ibex (formerly Grupo Steinhoff post-restructuring) successfully concluded the sale of the Conforama Iberia Division in September. Despite challenges faced by its parent company, the chain has continued with its investment plan and expansion efforts in the Iberian Peninsula.

Photo © Denis Linine |


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