France’s Carrefour to buy 47 stores in Spain

The deal includes supermarkets and convenience stores notably located in the regions of Madrid, Catalonia, Andalucia and Comunidad Valenciana.

Carrefour plans to convert the acquired stores to the Carrefour Market, Carrefour Express and Supeco banners.

The converted stores will benefit from Carrefour’s brand equity, commercial policy, products under Carrefour brand and purchasing conditions, the retailer noted.

The acquisition will help the French retailer to consolidate its position in Spain by further diversifying its store network and geographical footprint in the country, in line with its strategy.

Reuters