There will be no European retail giant

There will be no European retail giant

The information provided shows that Carrefour has completed negotiations with Auchan on the alliance.

After months of negotiations, the president of Carrefour resigned from the alliance with Auchan. The reason was that the transaction was considered too complicated.

Bloomberg reports that an overly complicated alliance is just one reason. The suspended negotiations are also the result of disagreements between the shareholders of both companies regarding the valuation and structure of the transaction. Auchan offered a too low valuation for Carrefour, which is around 16.6 billion euros. Carrefour’s management board does not agree with Auchan’s proposal, believing that the range from 20 to 21.25 euro is too low.

It is worth recalling that we have already informed about the sales plans of the Carrefour chain of stores.

Source: https://biznes.interia.pl/gospodarka/news-carrefour-podjal-decyzje-ws-sojuszu-z-auchan-czy-powstanie-n,nId,5575008

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