Carrefour, rumors of merger with the Canadian Alimentation Couche-Tard
Would be born a new global giant of large-scale distribution
The Canadian multinational convenience store operator Alimentation Couche-Tard confirmed in a statement that it has started negotiations with the French retail giant Carrefour regarding a possible "friendly agreement" between the two companies. For its part, the French group explained that: “Carrefour was approached, in a friendly way, by Alimentation Couche-Tard, for a merger project. The discussions are still in the preliminary stages”.
Specifically, the Canadian company underlined the "friendly" nature of a potential transaction, the terms of which have not yet been discussed and explained that in this phase of the contacts between the two companies, there is no certainty that it will come to some type of agreement or transaction. The acquisition of Carrefour, which has a network of 12,300 stores and around 320,000 workers in more than 30 countries, would strengthen the Canadian group's presence in Europe and Latin America, as well as increase the diversification of convenience stores with the incorporation of factories large in size.
Alimentation Couche-Tard has a network of over 14,200 stores worldwide, including 9,261 stores in North America, with approximately 109,000 employees, and a further 2,772 in Europe, mainly in the Scandinavian countries, the Baltics and Poland, with approximately 22,000 workers. It also owns a further 2,220 factories in a dozen countries operated under license agreements under Circle K.
EFA News - European Food Agency