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Carrefour, Système U sign 5-year partnership agreement

French supermarket operators Carrefour SA and Système U on June 8 signed the five-year partnership agreement that was announced in April.

Under the partnership, the companies will cooperate on purchasing leading national and international brands and providing increased commitments in favor of French agricultural producers.

The partnership is expected to be effective for 2019 supplier negotiations. Carrefour and Système U will maintain separate commercial and promotional policies.

The move is subject to the prior notification of the French Competition Authority.