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Carrefour to acquire DIA France for enterprise value of 600 million euros

PARIS, 2014-6-23 — /EPR Retail News/ — Carrefour announces, as part of an exclusivity agreement with DIA, the signature of a put option with a view to acquire DIA France for an enterprise value of 600 million euros.

With more than 800 stores totaling nearly 550,000 m² to date, DIA France recorded sales under banners of 2.3 billion euros in 2013.

This transaction would contribute to the growth of Carrefour’s multiformat store network in its domestic market and would allow Carrefour to best serve its customers by offering services tailored to the evolution of their consumption habits.

The completion of the transaction is subject to the signature of final agreements following consultations with DIA France’s employee representative bodies and to the approval of the relevant antitrust authorities.


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