Announced
Financials
Sources
Tags
France
hypermarkets
hypermarket operator
supermarkets operator
Food Retailers and Wholesalers
Acquisition
Majority
Domestic
Private
Pending
Friendly
Single Bidder
Synopsis
Carrefour, a French multinational retail and wholesaling corporation, agreed to acquire Cora and Match assets in France from Louis Delhaize group, a Belgian retail group, for €1bn. "With the acquisition of the Cora and Match banners, Carrefour is announcing its first major acquisition in France in more than twenty years and consolidates its leading position in food retail in its domestic market. This agreed transaction will allow Carrefour to continue the adventure started in France by the Bouriez family and the Louis Delhaize group, with which our Group shares a common culture, history and values," Alexandre Bompard, Carrefour Chairman and CEO.
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