Carrefour Italia Acquires 28 Auchan Outlets From Conad

Carrefour Italia has signed an agreement with Conad to acquire 28 Auchan stores in the Lombardy region in Italy for an undisclosed amount, reports suggest.

Most of the stores are of the proximity format with the sales area ranging between 150 and 600 square meters.

The transaction is scheduled to close in the beginning of next year, and includes provisions to safeguard the jobs of existing employees.

ESM