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.
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