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.
Sources: businessinsider.com, finance.yahoo.com
