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Carrefour ( (FR:CA) ) has provided an announcement.
Carrefour has announced its intention to acquire the remaining shares of its Brazilian subsidiary, Grupo Carrefour Brasil, and delist it from the São Paulo Stock Exchange. This strategic move aims to consolidate its leadership in Brazil, enabling more agile operations and a focus on execution. The transaction is expected to be accretive to Carrefour’s earnings per share from the first year and reflects the company’s commitment to Brazil’s market. The offer includes a choice of cash, shares, or a mix for minority shareholders, with the transaction completion anticipated by the second quarter of 2025 subject to shareholder approval.
More about Carrefour
The Carrefour Group is one of the world’s leading food retailers, operating a multi-format network of over 14,000 stores in more than 40 countries. In 2023, Carrefour posted sales of €94.1 billion and employed more than 300,000 people, striving to lead the food transition globally by providing quality and affordable food.
YTD Price Performance: 1.34%
Average Trading Volume: 608,069
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €9.33B
Find detailed analytics on CA stock on TipRanks’ Stock Analysis page.
