Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  CARREFOUR    CA   FR0000120172


SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

French Anti-Trust Agency OKs Carrefour's Purchase Of Guyenne Et Gascogne

05/10/2012 | 06:03am US/Eastern

France's anti-trust agency Thursday authorized retailer Carrefour SA (>> CARREFOUR) to buy smaller domestic peer Guyenne et Gascogne SA (>> GUYENNE GASCOGNE), as the acquisition isn't likely to hamper competition in the south-west of the country where Guyenne et Gascogne operates.

The authority authorized the merger with no conditions, and said in a statement there are several competing supermarkets chains in the area where Guyenne et Gascogne runs 37 supermarkets.

Carrefour announced the takeover bid for its franchisee and long-term partner Guyenne et Gascogne in December, seeking to defend its market position in southwestern France. Carrefour offered to pay EUR74.25 per Guyenne et Gascogne share, or 3.9 Carrefour shares for every Guyenne share tendered. Carrefour may pay as much as ER370 million if the cash offer is fully accepted.

-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740;

Stocks mentioned in the article : CARREFOUR, GUYENNE GASCOGNE
Recommend :
React to this article
Latest news on CARREFOUR
4d ago Tesco ditches CEO for Unilever man after profit warning
07/17DJEUROPE MARKETS : European Stocks Drop After Fresh Russia Sanctions
07/17 CARREFOUR : second-quarter sales accelerate, Italy back to growth
07/17 CARREFOUR : 2014 2nd Quarter Sales
07/15DJBrazil's Diniz Family Sells BRL1.2 Billion In CBD Shares
07/11 CARREFOUR : founder member of Solutions COP21
07/07 Carrefour to exit India, shut five wholesale stores
07/07 CARREFOUR : says pulling out of India
07/07 CARREFOUR : 13 years of Carrefour’s support for Romanian Producers
07/07 CARREFOUR : 13 years of Carrefour’s support for Romanian Producers!
Duration : Period :
CARREFOUR Technical Analysis Chart | CA | FR0000120172 | 4-Traders
Income Statement Evolution
CARREFOUR : Income Statement Evolution
More Financials
Dynamic quotes