Carrefour (FR:CA) has released an update.
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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.
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