Carrefour: completes purchase of Cora and Match banners

(CercleFinance.com) - Carrefour yesterday announced that it has completed the acquisition of the Cora and Match banners in France, from the
Louis Delhaize group.


This operation reinforces Carrefour's position in the French food retail market, with 60 Cora hypermarkets and 115 Match supermarkets.

These stores represent around 2.4% of the food retail market in France.

The transaction has an enterprise value of E1.05bn. It includes the purchase of 55 hypermarkets and 77 supermarkets. The transaction was 100% in cash, the company said.

Carrefour has obtained a waiver from the French Competition Authority to finalize the transaction. The latter will still have to rule on the merits and any remedies by the end of Q1 2025.


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