Carrefour (FR:CA) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Carrefour has expanded its market share in the French food distribution sector by acquiring the Cora and Match banners from the Louis Delhaize group, with a deal worth €1.05 billion, enhancing its presence particularly in the Grand East and Northern regions of France. The company anticipates an increase in EBITDA by €130 million annually by 2027 due to the deal, which is expected to bring both commercial and cost-saving synergies. Carrefour’s Chairman and CEO, Alexandre Bompard, highlighted the significant complementarity of the new assets and the benefits they will gain from Carrefour’s strong brand and e-commerce growth.
For further insights into FR:CA stock, check out TipRanks’ Stock Analysis page.