Carrefour: planned 100% buyout of Brazilian subsidiary
(CercleFinance.com) - Carrefour announces its intention to acquire the shares held by minority shareholders in its Brazilian subsidiary, Grupo Carrefour Brasil, and to delist it from the São Paulo Stock Exchange through a share merger.
The French group, which currently owns 67.4% of Carrefour Brasil, thus expresses its confidence in the growth trajectory of its subsidiary. In addition, the delisting will enable a more agile management and a stronger focus on the execution of operations.
Minority shareholders will be offered either 7.70 Brazilian reais in cash per Carrefour Brazil share, or one Carrefour share for every 11 Carrefour Brazil shares, or a 50/50 combination of these two options.
The transaction, which has received the full support of Peninsula (Carrefour Brazil's second-largest shareholder), is expected to be accretive to Carrefour's EPS from the first year. If approved by the AGM, it should be finalized before the end of Q2 2025.
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The French group, which currently owns 67.4% of Carrefour Brasil, thus expresses its confidence in the growth trajectory of its subsidiary. In addition, the delisting will enable a more agile management and a stronger focus on the execution of operations.
Minority shareholders will be offered either 7.70 Brazilian reais in cash per Carrefour Brazil share, or one Carrefour share for every 11 Carrefour Brazil shares, or a 50/50 combination of these two options.
The transaction, which has received the full support of Peninsula (Carrefour Brazil's second-largest shareholder), is expected to be accretive to Carrefour's EPS from the first year. If approved by the AGM, it should be finalized before the end of Q2 2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.