M&A Activity • Nov 21, 2014
M&A Activity
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PRESS RELEASE Boulogne-Billancourt, November 21st 2014
Carrefour has received the approval of the Competition Authority to acquire Dia France. This decision marks a positive step in the completion of the purchase of Dia France's activities.
This acquisition will allow Carrefour to continue its multiformat expansion in its domestic market.
This approval is the result of a constructive dialogue with the Competition Authority. Under the agreement, Carrefour will acquire more than 800 stores and must then separate from 56 stores.
The transaction should be completed in the coming weeks.
The Carrefour Group is the leading retailer in Europe and the second-largest retailer in the world, employing nearly 365,000 people. With more than 10,600 stores in more than 30 countries, it generated revenues of €100.2 billion under banners in 2013.
As a multi-local, multi-format, and multi-channel retailer, Carrefour is a partner for daily life. Every day, it welcomes more than 10 million customers around the world, offering them a wide range of products and services at fair prices.
For more information: www.carrefour.com
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