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Carrefour : A targeted acquisition in Brazil while waiting for a more transformative opportunity? 2019 results: +15%e for EBIT France, +19%e for Brazil

>Targeted acquisition of 30 C&C from Makro in Brazil: a growth accelerator at a reasonable price - Carrefour Brazil (18% of sales and 44% of Carrefour’s consolidated 2019e) is set to acquire from Makro (owned by the Dutch group SHV), 30 Cash & Carry in Brazil which generates sales of BRL 2.8bn (€ 615m). The deal, which integrates property assets for 22 stores and 14 service stations, represents BRL 1.95bn in cash (i.e. around € 420m). The stores acquired are in 17 st...
Underlying
Carrefour SA

Carrefour is a distribution group based in France. Co. is engaged in retailing business, primarily in Europe (France, Belgium, Spain, Italy, Poland, and Romania); Asia (China, India, and Taiwan); and Latin America (Argentina and Brazil). Co. offers a variety of fresh produce, products from local suppliers and major-brand products. Co. operates Hypermarkets, Supermarkets, Convenience stores and Cash & Carry stores, as well as food and non-food e-commerce sites. Co. also offers services such as financial and insurance services, travel, entertainment, after-sales services, and leasing of commercial vehicles. As of Dec 31 2013 Co. operated 10,105 stores under its brand.

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Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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