Alexandre Bompard, the CEO of Carrefour, has never hidden that he deemed essential a consolidation on the too fragmented French market of mass distribution. And that he was ready to take action if the opportunity presented itself. In 2018, however, the exploratory discussions with Jean-Charles Naouri to marry Carrefour and Groupe Casino had come to an end. And in January 2021, Bruno Le Maire had rejected the Canadian Couche-Tard who coveted the tricolor group.
According to our information, far from being scalded, Mr. Bompard, whose mandate was renewed for three years in May 2021, is exploring new avenues. One scenario in particular, if it materialized, would have something to upset the hierarchy of brands, allowing Carrefour to overtake Leclerc on the French market. According to several sources, in fact, discussions were initiated in spring 2021 with the Mulliez family with a view to bringing Carrefour and Auchan together.
A complex operation from a competition law point of view – the first weighing 19% of the French market according to the latest Kantar Institute scores, against 8.9% for the second – as in financial terms, Carrefour being listed, unlike Auchan. According to some, the negotiations would have stalled before the summer for lack of an agreement on parities but, according to an investment banker, the dialogue would not be broken. Neither Carrefour nor Auchan wished to comment on this information.
An essential link
In recent days, the financial community has been surprised by the large volumes of trade in Carrefour shares. The price started to rise again after the slide caused by the murderous announcement on August 31 of the withdrawal of the capital from Financière Agache, holding company of Bernard Arnault. “Hedge funds are in the process of positioning themselves pending a takeover bid”, relates a trader. Thursday, September 29, the Carrefour share closed just below 16 euros, when it quoted nearly 17 euros when Groupe Arnault sold its participation.
“Everyone is dancing with everyone, but we don’t yet know who we’ll be leaving with at the end of the ball”: it is the colorful reading that Lucien Douroux, former boss of Crédit Agricole, gave conversations between major bankers, on the eve of a wave of concentrations. Distributors have also started their pas de deux. Except that the ball goes on forever and the flirtations are skating.
Carrefour being the only uncontrolled listed player, in the midst of independents (Leclerc, Système U, Intermarché) and brands in the bosom of families (Casino Group, Auchan), it is not surprising to find it in the center of the track. On September 12, 2018, Mr. Bompard and Mr. Naouri met through businessman Alain Minc to talk about marriage. The exchange had lasted less than an hour. The two bosses then passed the buck, by press releases, each assuring that the other was the instigator of this failed meeting.
You have 63.51% of this article to read. The rest is for subscribers only.
Download Halvar – Baptised in Blasphemy – EP Album Mp3 Zip
Download Аманта Бисултанова – Друзьям Album Mp3 Zip
Download Bossolo – The Rebirth of Bossolo Revival Album Mp3 Zip
Download Kamiizama – SOMBRITA Album Mp3 Zip
Download ASB – Asb 1st Album Mp3 Zip
Download Brandon Hesslau – Buddy Simulator 1984 (Original Soundtrack) Album Mp3 Zip
Download DJ Chill del Mar – Luxury Santorini Summer Chill House 2021: Sunset Beach Paradise Lounge Vibes Album Mp3 Zip
Download Louke Man – Sd-1 Album Mp3 Zip
Download Sebii – Vvblue Album Mp3 Zip
Download COBRAH – Cobrah – EP Album Mp3 Zip
Download Ken Hirai – Anataninaritakatta Album Mp3 Zip
Download MANACLE – Liberation Album Mp3 Zip
Download Janis Ian – Simon Renshaw Presents: Janis Ian Shares Your Pain (Parody) Album Mp3 Zip
Download 浜口史郎 – ガールズ&パンツァー 最終章 Episode1-3 オリジナルサウンドトラック Album Mp3 Zip
Download KozyPop – Seoul Vibes, Fruity – EP Album Mp3 Zip
Download 群星 – 《你好,安怡》电视剧原声带 Album Mp3 Zip
Download Crucial Rob – Dreadlocks on the Battlefield Album Mp3 Zip
Download HKT48 – Kimito Dokokae Ikitai (Special Edition) – EP Album Mp3 Zip
Download Комсомольск – Ретро Album Mp3 Zip
Download Shae District – Lose Myself – EP Album Mp3 Zip
Download Little Black Dress – 浮世歌 Album Mp3 Zip
Download Eximo Blue – Blissful Evening Piano Album Mp3 Zip
Download Various Artists – Sakuna: Of Rice and Ruin Arrange Collection Kanade Album Mp3 Zip
Download Enrico Pieranunzi – Live in Paris (Live) Album Mp3 Zip
Download Esra Dalfidan – Colors Album Mp3 Zip