Carrefour ends curiosity in tie-up with Auchan -Le Figaro By Reuters


© Reuters. FILE PHOTO: The logo of the French retailer Carrefour on shopping trolleys in Sao Paulo, Brazil, July 18, 2017. REUTERS / Paulo Whitaker / File Photo


PARIS (Reuters) – Carrefour (PA 🙂 has decided to end its interest in a possible collaboration with Auchan after the two French retailers had exploratory talks over the past few months, Le Figaro reported on Saturday.

The decision was made on Thursday by Carrefour’s Strategic Committee on the recommendation of Chief Executive Alexandre Bompard, who thought a potential deal with Auchan was too complex, Le Figaro said.

Carrefour and Auchan were not immediately available for comment.

Another French daily newspaper, Le Monde, reported in late September that Bompard was exploring options for sector consolidation and that his group had been in talks with the Mulliez family, who control Auchan.

Carrefour announced in June that it had begun considering a possible consolidation, sale or retention of its overseas subsidiaries but had not made a decision to sell assets.

In January, Canadian company Alimentation Couche-Tard announced its $ 16.2 billion offer for Carrefour.

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, meaning that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this information.

Fusion Media or any other person involved in Fusion Media assumes no liability for any loss or damage that might arise from reliance on the information contained on this website, including data, prices, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.

You might also like

Leave A Reply

Your email address will not be published.