home Finance Carrefour acquires 36 Eroski hypermarkets in Spain

Carrefour acquires 36 Eroski hypermarkets in Spain

The French giant Carrefour distribution announced Monday it had signed an agreement with the Spanish Eroski Group for the acquisition of 36 hypermarkets “compact” in Spain, which allows them to move into 27 new cities.

The French giant Carrefour distribution announced Monday it had signed an agreement with the Spanish Eroski Group to acquire 36 “compact” hypermarket in Spain, allowing it to move into 27 new cities.

The amount of the transaction is 205 million euros, told AFP a spokesman for the group.

In addition to the 36 stores, with a total area of ​​235,000 square meters, the agreement covers the purchase of eight shopping centers and 22 service stations, said Carrefour, which stands as the second largest food retailer in Spain with already 173 hypermarkets, 126 supermarkets, 419 convenience stores and 123 service stations.

“This acquisition would allow Carrefour to densify its store network by establishing itself in 27 new cities and strengthen its position in the food market,” said the group, which specifies that the transaction is “subject to conditions, including approval by the relevant competition authorities. ”

Eroski Cooperative Group subsidiary to 63.5% Mondragon Corporacion Cooperativa Group, has more than 2,000 stores, including 90 hypermarkets and 1,456 supermarkets, according to its website.

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