Report

Carrefour : Cession de Carrefour China : un désengagement stratégiquement positif en dépit d’un prix de sortie inférieur à nos attentes

>Vente de Carrefour China à Suning.com - Carrefour cède 80% du capital de sa filiale chinoise au groupe Suning.com pour une VE à 100% de 1.4 Md€, soit 38% des ventes (intégrant des fonds propres pour 774 M€ et une dette opérationnelle de 400 M€ liée aux shopping cards). Carrefour va recevoir 620 M€ en cash et bénéficiera d’une amélioration de BFR de 400 M€. Le groupe dispose d’une option de vente (2 ans et 3 ans) pour vendre ses 20% restants (sachant qu’en n+4, Sunin...
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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