Carrefour buys €205m Spanish supermarket portfolio

The Carrefour Group has signed an agreement with the Eroski Group to acquire 36 compact hypermarkets with a total sales area of 235,000 square meters, as well as 8 shopping malls and 22 gas stations adjacent to the stores. The price is thought to be €205 million.

This acquisition will allow Carrefour to grow its store network and gain a presence in 27 new cities while strengthening its position in the food segment. Carrefour is thus continuing its multi-format, omni-channel expansion for the benefit of its clients.

Present in Spain since 1973, Carrefour has more than 41,000 employees in the country and operates 173 hypermarkets, 126 supermarkets, 419 Express, 123 gas stations and 656 travel agencies (as of 31/12/2015).

The acquisition of these stores is subject to conditions, including approval by the relevant antitrust authorities.


Source: Property Mall