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Carrefour SA (CARR.PA)

CARR.PA on Paris Stock Exchange

17.99EUR
6:42am EDT
Change (% chg)

€0.09 (+0.47%)
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€17.90
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€17.84
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€18.15
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€17.84
Volume
928,209
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€18.17
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€13.16

Latest Key Developments (Source: Significant Developments)

Argan To Buy SCI Cargo Property Assets For EUR 898 Million
Wednesday, 10 Jul 2019 12:15pm EDT 

July 10 (Reuters) - Argan SA ::SIGNS BINDING AGREEMENT FOR ACQUISITION OF SCI CARGO PROPERTY ASSETS FOR EUR 898 MILLION.ACQUISITION AGREEMENT WITH CARREFOUR AND GROUP OF INSTITUTIONAL INVESTORS.ACQUISITION ON BASE OF CONVENTIONAL VALUATION OF SCI CARGO'S ESTATE ASSETS OF EUR 900 MILLION EXCLUDING. RIGHTS.SCI CARGO'S PORTFOLIO INCLUDES 22 PREMIUM LOGISTICS PLATFORMS LEASED TO CARREFOUR.TO PAY FOR ACQUISITION WITH EUR 619 MILLION IN CASH AND SHARE ISSUE OF 5.6 MILLION SHARES WITH UNIT PRICE OF EUR 50.SHARES TO BE ISSUED TO CERTAIN SCI CARGO ASSOCIATES.TARGETS LTV RATIO TO BE BELOW 55% BY END OF 2020.POST-TRANSACTION, ARGAN'S LTV RATIO SHOULD REMAIN BELOW 60%.  Full Article

Carrefour CEO says he has no plans to exit other countries following China deal
Monday, 24 Jun 2019 12:38pm EDT 

June 25 (Reuters) - Carrefour SA ::* CEO Alexandre Bompard told BFM Business on Tuesday that he had no plans to exit other countries, following this week's deal to retreat from the Chinese market as fierce competition from domestic rivals and a growing online market puts pressure on foreign firms. nL8N23U0BC.* "China was a very specific situation," Bompard told BFM Business..* There has been speculation that Carrefour might exit Italy..* Carrefour, which has been in China since 1995, agreed to sell 80% of its Chinese operations to electronics retailer Suning.com <002024.SZ> for 620 million euros ($705 million)..  Full Article

Suning.Com's Unit Plans To Acuiqre 80% Of Carrefour China Holdings N.V.
Sunday, 23 Jun 2019 05:25am EDT 

June 23 (Reuters) - Suning.Com Co Ltd <002024.SZ>::SAYS ITS UNIT PLANS TO ACUIQRE 80% OF CARREFOUR CHINA HOLDINGS N.V..  Full Article

Carrefour Announces Sale Of Controlling Stake In Its Activities In China To Suning.Com
Sunday, 23 Jun 2019 05:10am EDT 

June 23 (Reuters) - Carrefour ::ANNOUNCES THE SALE OF A CONTROLLING STAKE IN ITS ACTIVITIES IN CHINA TO CHINESE GROUP SUNING.COM.TRANSACTION, WHICH WILL BE PAID IN CASH, VALUES CARREFOUR CHINA AT AN ENTERPRISE VALUE OF EUR 1.4 BILLION.CARREFOUR GROUP WILL RETAIN A 20% STAKE IN BUSINESS AND TWO SEATS OUT OF SEVEN ON CARREFOUR CHINA'S SUPERVISORY BOARD.SELL AN 80% EQUITY INTEREST IN CARREFOUR CHINA TO CHINESE GROUP SUNING.COM.CLOSING OF TRANSACTION IS EXPECTED BY END OF 2019.CO WILL RETAIN A 20% STAKE IN BUSINESS AND TWO SEATS OUT OF SEVEN ON CARREFOUR CHINA'S SUPERVISORY BOARD.  Full Article

Carrefour shareholders clear new mission statement
Friday, 14 Jun 2019 06:59am EDT 

June 14 (Reuters) - Carrefour SA ::CARREFOUR SHAREHOLDERS APPROVE RESOLUTION 17 ADDING NEW MISSION STATEMENT OR RAISON D'ETRE TO INCLUDE COMMITMENT TO FOOD TRANSITION.97.72% OF THE VOTES CAST IN FAVOUR OF THE PROPOSAL .  Full Article

Carrefour CEO wants to be among winners of future retail sector consolidation
Friday, 14 Jun 2019 06:19am EDT 

June 14 (Reuters) - Carrefour cEO Alexandre Bompard tells shareholders::CEO SAYS THERE WILL BE CONSOLIDATION IN RETAIL SECTOR IN COMING YEARS, SAYS HIS MISSION IS TO MAKE SURE CARREFOUR IS IN THE CAMP OF THE WINNERS.  Full Article

Carrefour CEO confident overhaul plan to help all group's countries
Friday, 14 Jun 2019 06:06am EDT 

June 14 (Reuters) - Carrefour CEO ALEXANDRE BOMPARD TELLS SHAREHOLDERS MEETING::CEO BOMPARD SAYS "I LOVE CARREFOUR", WHEN ASKED IF HE WAS INTERESTED BY TOP JOB AT ORANGE.CEO SAYS THE TRANFORMATION CARREFOUR IS CONDUCTING IS GOING TO IMPROVE OPERATIONAL PERFORMANCE IN ALL THE COUNTRIES WHERE THE GROUP IS PRESENT, WHEN ASKED IF CARREFOUR COULD EXIT COUNTRIES LIKE CHINA OR ITALY.  Full Article

Carrefour Brasil reaches "break-even" point with online marketplace
Wednesday, 27 Feb 2019 10:10am EST 

SAO PAULO, Feb 27 (Reuters) - Carrefour Brasil ::CARREFOUR BRASIL HAS ALREADY REACHED BREAK-EVEN POINT FOR ONLINE MARKETPLACE OPERATIONS, PLATFORM WILL CONTRIBUTE TO PROFIT IN 2019 -EXECUTIVE.CARREFOUR BRASIL CEO SAYS 2019 WILL BE A YEAR OF "SUSTAINABLE GROWTH".CARREFOUR BRASIL CEO SAYS MARGINS OF BRAZIL RETAIL SECTOR SHOULD CONTINUE TO IMPROVE IN 2019.  Full Article

Retailer Carrefour testing in France model to eliminate disposable packaging
Thursday, 24 Jan 2019 07:00am EST 

Jan 24 (Reuters) - Carrefour SA ::* Carrefour is testing in France a model which completely eliminates disposable packaging with the LOOP solution .* At the World Economic Forum in Davos, Terracycle (www.terracycle.fr), in partnership with Carrefour and some of the world's biggest consumer goods brands, announced the launch of the Loop concept – the first e-commerce distribution model based on a deposit system .* The Loop concept involves offering consumers an alternative to single-use packaging in a bid to get ever closer to zero waste and thus reduce the amount of pollution caused by plastics .  Full Article

Carrefour eyes first benefits of Tesco purchasing alliance in 2019
Tuesday, 22 Jan 2019 01:19pm EST 

Jan 22 (Reuters) - Carrefour CEO Alexandre Bompard tells analysts::CEO SAYS GROUP HAS LAUNCHED SHOP-IN-SHOP INITIATVES IN POLAND, FRANCE AND CHINA WHICH LOOK "VERY PROMISING.CEO SAYS EXPECTS FIRST BENEFITS OF PURCHASING ALLIANCES WITH TESCO AND SYSTEME U IN 2019.CEO SAYS "NOT WORRIED" ABOUT DEAL UNDER WHICH RIVAL LECLERC BOUGHT SIX CASINO <<>> HYPERMARKETS IN FRANCE.  Full Article

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Carrefour sells stake in logistics property group to Argan

PARIS French supermarket group Carrefour said on Wednesday it had agreed to sell its stake in Cargo, a real estate company that owns some of its distribution centers, to property vehicle Argan as it plows ahead with planned asset sales.