Carrefour will be the second-biggest retailer in Spain
The French retailer Carrefour is closing the week with a deal announcement - it will buy 172 SuperSol stores in #Spain.
The deal made to reinforce #Carrefour’s dominance on the Spanish market will have as center point Madrid and the Andalusian region. Following this deal, Carrefour will be the second-largest grocer in the country after Mercadona.
The 172 SuperSol stores will be turned into #supermarkets, stores, and branches of Supeco, a retailer operated by Carrefour.
Carrefour didn’t publish the agreement details, such as the purchase price, but, considering the value of the stores, debt, and balance sheet, the buying price is around $92.3 million.
The SuperSol deal is currently subject to the approval of regulatory authorities, and if everything goes smoothly, it will be closed at the beginning of 2021.
Currently, Carrefour stock price is #trading 0.26% higher.
Read more about the latest deals on CAPEX.com!
Sources: businessinsider.com, finance.yahoo.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.