Carrefour Announces a Plan to Acquire the Activities of DIA in France
June 20 2014 - 2:20PM
Business Wire
Regulatory News:
Carrefour (Paris:CA) announces, as part of an exclusivity
agreement with DIA, the signature of a put option with a view to
acquire DIA France for an enterprise value of 600 million
euros.
With more than 800 stores totaling nearly 550,000 m² to date,
DIA France recorded sales under banners of 2.3 billion euros in
2013.
This transaction would contribute to the growth of Carrefour’s
multiformat store network in its domestic market and would allow
Carrefour to best serve its customers by offering services tailored
to the evolution of their consumption habits.
The completion of the transaction is subject to the signature of
final agreements following consultations with DIA France’s employee
representative bodies and to the approval of the relevant antitrust
authorities.
About Carrefour Group
The world’s second-largest retailer and the biggest in Europe,
Carrefour Group employs 365,000 people. Present in 34 countries
with more than 10,000 stores, Carrefour posted total 2013 sales of
€100.2 billion under banners. A multi-local, multi-format and
multi-channel retailer, Carrefour is a partner to everyday life. It
serves around 10 million customers daily throughout the world,
offering a wide variety of products and services at the right
price.
For more information: www.carrefour.com
Group Communication, +33 (0) 1 41 04 26 17Investor Relations,
+33 (0) 1 41 04 26 00
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