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New Deal


Announced

Carrefour to acquire Cora and Match assets in France from Louis Delhaize group for €1bn.

Financials

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Transaction Value£896m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA5.56x
Share Price Premium-
One Off Charge-

Tags

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France

hypermarkets

hypermarket operator

supermarkets operator

Food Retailers and Wholesalers

Acquisition

Majority

Domestic

Private

Pending

Friendly

Single Bidder

Synopsis

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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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