Carrefour acquires 172 proximity stores and supermarkets in Spain

The acquisition of Supersol stores consolidates Carrefour’s number two position in Spain.

Carrefour has closed the acquisition of 172 Supersol stores in Spain. The transaction involves convenience stores and supermarkets, located mainly in Andalusia and the Madrid region, for a final value of 78 million euros.

The acquisition consolidates Carrefour’s number two position in Spain by diversifying its store network and strengthening its presence in growth formats, in line with the Carrefour 2022 transformation plan.

This transaction is also part of the Group’s targeted and value-creating acquisition policy.

Store conversions to the Carrefour banners (Express, Market and Supeco) will be completed by end-2021. The Group plans to improve sales density and optimize the cost structure.

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

With a multi-format network of some 13,000 stores in more than 30 countries, the Carrefour Group is one of the world's leading food retailers.

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