Key Developments: Carrefour SA (CRERF.PK)

CRERF.PK on OTC Markets Group

10 Sep 2014
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Latest Key Developments (Source: Significant Developments)

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

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

Fitch: Carrefour and Tesco - Diverging Credit Trends

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Carrefour Versus Tesco LONDON, September 15 (Fitch) Fitch Ratings says in a new report that it expects the credit profile of major food retail groups Carrefour SA (Carrefour) (BBB/Positive) and Tesco Plc (Tesco) (BBB/Stable), the two largest food retail chains in Europe, to continue to diverge over the next two years. Fitch e

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