The global retail sector was recently rocked by the Canadian group’s bid Kochi TardShe, a specialist in gas station business, came in the last hours to buy a French supermarket chain Carrefour, The exchange is suggested $ 19.720 Million US Dollars.
The process that also surprised the French series, Are of a “primary” nature And Agence France-Presse reported that they raised Carrefour shares by 13.4% on the Paris Stock Exchange.
Couche-Tard revealed on Wednesday that he had sent Carrefour an offer for a “friendly alliance”, At a price of 20 euros per share, Which puts the value of the French multinational company around 16,000 million euros. The agency added that this offer would be “examined” by managers of the supermarket chain.
With a strong international expansion plan that began more than twenty years ago in the United States, Northern Europe and Asia, Couche-Tard is a group with sales of Just over $ 54 billion USD It also stems from the 2019/2020 annual exercise, which has a special focus on business Service stations Which accounts for more than 70% of its sales, compared to the rest of its operations, and are small-sized stores.
The Couche-Tard is being used to gain volume through acquisitions, however He has never had a merger of this scaleBryan Garnier & Co. distribution specialist Clement Genelot explains.
For the buyer, this process means Enter the front door into the laughing European market, With a dense network of stores, supermarkets and hypermarkets. For its part, Carrefour believes the presentation demonstrates that its strategy to become the global leader in the “nutritional transition” towards organic products is important to them.
However, the stock will sell Not very well seen in FranceWhere the Minister of Finance, Bruno Le Maire, was “obviously unfavorable” to an operation of this kind, because Carrefour is “an essential link in the food security of the French.”