Key Developments: Carrefour SA (CARR.PA)

CARR.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Carrefour creates CARMILA with co-investment partners
Wednesday, 16 Apr 2014 11:45am EDT 

Carrefour SA:Creates together with its co-investment partners CARMILA, company dedicated to enhancing value of shopping centers adjacent to Carrefour hypermarkets in France, Spain and Italy.CARMILA owns portfolio of 171 shopping centers comprising 126 sites in France , Spain and Italy acquired on April 16 from Klepierre, as well as 45 sites in France contributed by Carrefour.Carrefour to own 42 pct of CARMILA, alongside major international investors (Amundi, Axa, Blue Sky Group, BNP Paribas Cardif, Colony Capital, Credit Agricole Assurances, Pimco and Sogecap).  Full Article

Klepierre completes disposal of retail galleries to Carrefour consortium
Wednesday, 16 Apr 2014 11:45am EDT 

Klepierre SA:Completes disposal of portfolio of Carrefour-anchored retail galleries located in France, Spain and Italy, to consortium led by Carrefour SA and capitalized by institutional investors.Portfolio consists of 126 retail galleries initially acquired from Carrefour, including 56 assets in France, 63 assets in Spain and 7 assets in Italy, representing total floor area of about 476,000 square meters.Total consideration for transaction, including transfer duties, equals 1.98 bln euros (1.65 bln euros group share).  Full Article

Carrefour announces share repurchase program
Tuesday, 15 Apr 2014 11:50am EDT 

Carrefour SA:Announces share repurchase program.Currently holds 6,078,894 of its own shares, representing 0.84 pct of capital.Maximum number of shares that can be acquired is 65,649,919, almost 10 pct of capital.Maximum price per share 45 euros.Total maximum that could be spent 2,954,246,355 euros.Program to run until Oct. 15, 2015.  Full Article

Bharti in talks with Carrefour SA for wholesale JV-Business Standard
Sunday, 13 Apr 2014 06:30pm EDT 

Carrefour SA:Bharti Group is in advanced talks to form a cash-and-carry joint venture with Carrefour SA-Business Standard.The Indian company will retain a majority stake.Both sides are expected to consummate the deal sometime this month or early May.A Bharti group spokesperson declined to comment.An email sent to Carrefour India's operations director did not elicit any response.  Full Article

Carrefour comments on FY 2014 outlook in line with analysts' estimates-Reuters
Wednesday, 9 Apr 2014 08:00pm EDT 

Carrefour SA:FY 2014 EBIT of 2.38 bln euros, announced as consensus of analysts' forecasts, is judged as reasonable by company's Chief Financial Officer - Reuters.It would represent 6.3 pct rise on FY 2013 EBIT.FY 2014 EBIT 2,384 mln euros - Thomson Reuters I/B/E/S Estimates.  Full Article

Galeries Lafayette shareholder buys 6.1 pct stake in Carrefour SA-Reuters
Sunday, 6 Apr 2014 08:00pm EDT 

Carrefour SA:Moulin family, which controls Galeries Lafayette, buys 6.1 pct stake in Carrefour, making it second-biggest shareholder-Reuters.Based on closing price on April 7, the transaction would be worth about 1.28 billion euros.  Full Article

Carrefour SA subsidiary Carrefour Romania to launch Supeco discount format-Mediafax News Brief Service
Monday, 31 Mar 2014 08:00pm EDT 

Carrefour SA:Carrefour SA is preparing to launch its Supeco store format, a cash and carry meets discount store concept it has only launched in Spain so far-Mediafax News Brief Service.Carrefour Romania has started recruiting store managers in Giurgiu, Ramnicu Valcea and Targoviste.The Supeco store format focuses on low prices, seeking to offer consumers fresh produce and fast moving consumer goods in sales areas of 1,500 square meters to 2,000 square meters.The format was launched in 2013 in Spain, where Carrefour SA operates four Supeco stores.Products are sold both in bulk and singularly, with several of Carrefour SA’s discount private label ranges in stock.Carrefour Romania has a network of 166 stores, of which 25 Carrefour hypermarkets, 79 Market supermarkets, 61 Express convenience stores and one online store.  Full Article

Carrefour SA maintained at Baa2 by Moody's; outlook positive-L'Agefi Quotidien
Tuesday, 25 Mar 2014 08:00pm EDT 

Carrefour SA:Moody's maintains Carrefour at Baa2-L'Agefi Quotidien.Outlook raised to positive from stable.  Full Article

Philips and Carrefour use lights to beam coupons to shoppers

AMSTERDAM, May 21 - Philips has struck its first deal to sell lights with built-in technology that can track shoppers as they move through a grocery store, beaming pop-up coupons to their smartphones.

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