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20 euros per share for the acquisition of Carrefour

The Alimentation Couche-Tard offer that will materialize in cash

Canadian multinational convenience store operator Alimentation Couche-Tard has submitted a non-binding offer to acquire Carrefour at the price of € 20 per share, as reported in a statement on Wednesday afternoon. If the offer will be accepted, the total price of the transaction would amount to 16,352 million Euros, for more than 817 million shares that the French company owns.

The Canadian company had confirmed hours before having entered into negotiations with the retail giant for a possible "friendly agreement" between the two companies (see EFA News article of 13-01-21 ). However, Alimentation Couche-Tard has specified in this latest statement that the terms of the transaction are still under discussion and are subject to further changes. The Group stated that the offer will mainly materialize in cash.

The acquisition of Carrefour, which has a network of 12,300 stores and about 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 the convenience store activities with the incorporation of factories. 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 another 2,772 in Europe, mainly in Scandinavian countries, the Baltics and Poland, with approximately 22,000 workers. It also owns a further 2,220 factories in a dozen countries operated through licensing agreements under the Circle K society.

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EFA News - European Food Agency
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