Spain: Carrefour acquires 172 convenience stores, supermarkets

The €78 million purchase adds a network of assets operating under the Supersol brand.

Carrefour has reached an agreement to acquire 172 stores under the Supersol banner in Spain – the move strengthens its number two position in the country.

The €78 million transaction involves 172 convenience stores and supermarkets, located mainly in Andalusia and the Madrid region. The acquired stores posted net sales of around 450 million euros in 2019.

Carrefour plans to convert the acquired stores to the convenience (Express), supermarket (Market) and Supeco formats.

The converted stores will benefit from Carrefour's commercial policy and purchasing conditions. The Group thus plans to improve sales density and optimize the cost structure.

This acquisition will also contribute to the development of food e-commerce, with the stores eventually becoming new order pick-up points. Around 90% of the acquired stores are located in large cities (Madrid, Malaga, Cadiz and Seville).