Key Developments: Carrefour SA (CARR.PA)

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Latest Key Developments (Source: Significant Developments)

Carrefour and Cora / Supermarches Match sign a purchasing cooperation agreement
Monday, 22 Dec 2014 12:00pm EST 

Carrefour SA:Carrefour France and Cora / Supermarches Match have signed an agreement to cooperate on purchasing.This agreement establishes a long-term partnership, with no equity ties between the two companies, under which both companies maintain their independence.Partnership covers purchasing negotiations for national and international brands, food products and general merchandise, with the exception of private label products, goods produced by SMEs and fresh produce from the agricultural sector.Carrefour and Cora / Supermarches Match will maintain their separate commercial policies, with each banner independently setting its prices and promotional policy.Partnership becomes effective on Jan. 1, 2015.  Full Article

Carrefour SA welcomes Península into the capital of its Brazilian subsidiary with 10 pct stake
Thursday, 18 Dec 2014 02:15am EST 

Carrefour SA:Says the Brazilian investment company Península, chaired by Abilio Diniz, is taking a 10 pct stake in its subsidiary in Brazil.Says this opening of the capital of the Brazilian subsidiary could also include a listing on the Brazilian stock exchange in the future.Península, through its Península II Fundo de Investimento em Participações fund, is investing an amount of 1.8 bln reais (525 mln Euros) to take a 10 pct stake in Carrefour's Brazilian subsidiary, valuing the company at 20.4 bln reais.Says in addition, Península holds options allowing it to raise its stake to a maximum level of 16 pct within the next five years.Says closing of the transaction is immediate.  Full Article

Carrefour SA completes acquisition of Dia France
Monday, 1 Dec 2014 02:00am EST 

Carrefour SA:Has completed the acquisition of Dia France.Other terms were not disclosed.  Full Article

Carrefour SA opens Supeco store in Ramnicu Valcea, Romania-MarketLine (a Datamonitor Company), Company News
Wednesday, 8 Oct 2014 03:44am EDT 

Carrefour SA:The company opened Supeco store in Ramnicu Valcea, Romania-MarketLine (a Datamonitor Company), Company News.Supeco was launched in Spain in 2012 and now has nine stores in the country.Supeco is now arriving in Romania in test, it is a new store format on the Romanian market that offers its customers low prices, with a focus on consumer goods and fresh products.The store concept is mostly focused on prices, on the best deals and on a range of products adapted to all needs.Supeco has a selling area of 1,500 square meters to 2,000 square meters.Considering the store layout, Supeco distinguishes itself through a simple and practical setting.The products exposure follows the same principles, with an emphasis on meat, fruit, vegetables and frozen products.  Full Article

Carrefour SA to open hypermarket in ParkLake mall in Bucharest-SeeNews - The Corporate Wire
Wednesday, 17 Sep 2014 08:00pm EDT 

Carrefour SA:The company will open a new hypermarket in Romania's capital Bucharest in 2015, in the ParkLake shopping center, the developers of the mall said-SeeNews - The Corporate Wire.The company purchased 12,000 square meters in the mall, Portugal's Sonae Sierra and Ireland's Caelum Development said in a joint statement.The ParkLake mall is scheduled to open doors in 2016.The value of the investment stands at 180 million euros ($232 million).The shopping center will have 70,000 square meters gross area with 200 shops.The company operates more than 160 hypermarkets, supermarkets and convenience stores in Romania.  Full Article

Carrefour SA announces closure of its five stores in India
Monday, 7 Jul 2014 12:35pm EDT 

Carrefour SA:Intents to close its five cash & carry stores in India, where Carrefour has operated since 2010.Closure of Carrefour`s business in India will be effective at end of Sept. 2014.Until that time, company will continue to be fully engaged with all its employees, suppliers, partners and customers to ensure a smooth transition.  Full Article

Carrefour prices 1 bln euros bond-Reuters
Sunday, 6 Jul 2014 08:00pm EDT 

Carrefour SA:Prices 1 bln euros bond - Reuters.Maturity date July 15, 2022.Coupon 1.75 pct.Issue price 99.292 pct.Lead Managers Deutsche Bank, HSBC,Societe Generale CIB, BBVA, ING, Natixis and Santander GBM.  Full Article

Carrefour SA acquires 53 Billa supermarkets in Italy
Monday, 30 Jun 2014 11:40am EDT 

Carrefour SA:Acquires 53 supermarkets under Billa banner from the Rewe Group.Located in three regions of northern Italy, Lombardy, Liguria and the Aosta Valley, and with combined sales area of 58,000 m².Completion of transaction is subject to approval of relevant antitrust authorities and consultations with Billa`s employee representative bodies.  Full Article

Carrefour SA announces a plan to acquire activities of DIA in France
Friday, 20 Jun 2014 02:20pm EDT 

Carrefour SA:Says as part of exclusivity agreement with DIA, signature of put option with view to acquire DIA France for an enterprise value of 600 mln euros.Says DIA France is with more than 800 stores totaling nearly 550,000 m².  Full Article

Carrefour SA to exit the India market-Business Standard
Thursday, 5 Jun 2014 10:22am EDT 

Carrefour SA:Is exploring the option to exit the India market, following a slowing in its business at home and the new government's opposition to foreign investment in multi-brand retailing-Business Standard.The company has reportedly engaged KPMG for helping it sell the India assets.  Full Article

UPDATE 1-Carrefour boss back on duty by end-April

PARIS, March 4 - Carrefour, Europe's largest retailer, said on Wednesday that Chairman and Chief Executive Georges Plassat was expected to return to work before the end of April, once his recovery from surgery is complete.

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