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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Carrefour    CA   FR0000120172

CARREFOUR

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Carrefour : to buy 30 stores in Brazil from rival Makro

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02/16/2020 | 11:48am EDT
FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Antibes

The Brazilian unit of France's Carrefour has agreed to buy 30 stores from rival retailer Makro's Brazilian subsidiary for 1.95 billion reais ($453.69 million), the French retailer said in a securities filing on Sunday.

Makro will continue to operate in Brazil but with only 24 stores in the country's richest state, Sao Paulo. Makro, whose Latin American stores are owned by Netherlands-based SHV Holdings, did not disclose a transaction price.

In a securities filing last week, Carrefour confirmed talks to acquire the stores but denied Brazilian media reports it would acquire all of Makro's Brazilian operations..

Makro said the sale, which must still be approved by domestic antitrust watchdog CADE, is aimed at making its Brazilian business more profitable.

($1 = 4.2981 reais)

(Reporting by Marcelo Rochabrun; editing by John Stonestreet and Sonya Hepinstall)

Stocks mentioned in the article
ChangeLast1st jan.
CARREFOUR -3.20% 14.22 Real-time Quote.-4.88%
EURO / BRAZILIAN REAL (EUR/BRL) -0.21% 5.5778 Delayed Quote.23.45%
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Financials (EUR)
Sales 2020 73 144 M
EBIT 2020 2 171 M
Net income 2020 776 M
Debt 2020 6 348 M
Yield 2020 3,62%
P/E ratio 2020 14,7x
P/E ratio 2021 12,0x
EV / Sales2020 0,24x
EV / Sales2021 0,22x
Capitalization 11 345 M
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Technical analysis trends CARREFOUR
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 18,67  €
Last Close Price 14,22  €
Spread / Highest target 75,8%
Spread / Average Target 31,3%
Spread / Lowest Target -25,5%
EPS Revisions
Managers
NameTitle
Alexandre Bompard Chairman & Chief Executive Officer
Matthieu Malige Chief Financial Officer
Nicolas Bazire Non-Independent Director
Jean-Laurent Bonnafé Director
Charles Edelstenne Independent Director
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