French retailer Carrefour to buy 172 stores in Spain

French retailer Carrefour to buy 172 stores in Spain

Reuters  | Aug 27, 2020 07:50

French retailer Carrefour to buy 172 stores in Spain

PARIS (Reuters) - French supermarket retailer Carrefour (PA:CARR) has agreed to buy 172 stores under the Supersol banner in Spain, in a deal worth an enterprise value of 78 million euros ($92.3 million)which would strengthen Carrefour's number two position in Spain.

© Reuters. FILE PHOTO: Lockdown in France imposed to slow the rate of the coronavirus disease

Carrefour said on Thursday that the stores and supermarkets being acquired were mainly in Andalusia and the Madrid region, and that they had posted net sales of around 450 million euros in 2019.

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