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CARREFOUR

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Real-time Euronext Paris  -  11:38 2022-09-30 am EDT
14.22 EUR   +1.43%
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France's Amethis sells Kenyan retailer stake to Mauritius-based IBL

06/24/2022 | 02:10pm EDT

NAIROBI (Reuters) - France's Amethis investment fund said on Friday it will sell its stake in Kenyan general retailer Naivas to Mauritius-based IBL Group.

Amethis bought a stake in Naivas for an undisclosed amount in 2020. A source with knowledge of the transaction had told Reuters the purchase amounted to 30% of the retailer at that time.

"This marks IBL Group's first investment as part of their expansion strategy in East Africa. This agreement is still subject to regulatory approvals," Amethis said in a statement.

The statement did not reveal details on the terms of the sale.

Naivas, which was founded three decades ago and has 84 stores across Kenya, became one of the top three retailers after the collapse of Nakumatt, a local supermarket chain that had dominated the sector.

Nakumatt's failure has also created an opening for other international retailers, including Carrefour franchisee Majid al Futtaim.

Amethis has a range of other investments in Africa's banking, manufacturing and logistics sectors.

(Reporting by George Obulutsa; Editing by Bhargav Acharya and Paul Simao)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CARREFOUR 1.43% 14.215 Real-time Quote.-11.74%
DOW JONES AFRICA TITANS 50 INDEX 0.43% 401.5 Real-time Quote.-25.86%
IBL LTD 0.00% 52.75 End-of-day quote.-0.47%
S&P AFRICA 40 INDEX 1.35% 129.86 Real-time Quote.-26.81%
All news about CARREFOUR
09/27Stellantis offers French workers bonus payment for inflation, to discuss one in Italy
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09/27Carmaker Stellantis offers French workers 1,400 euro bonus payment to ease inflation pa..
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09/27Spanish unions seek 18% pay rise for staff at big retailers
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09/22Carrefour management offers workers 2.5% pay hike in talks with unions
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09/07Carrefour unveils 30 euro shopping basket in Spain after government price cut proposal
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09/06Carrefour : Document AMF CP. 2022E859699
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Financials
Sales 2022 82 003 M 80 411 M 80 411 M
Net income 2022 1 096 M 1 075 M 1 075 M
Net Debt 2022 8 550 M 8 384 M 8 384 M
P/E ratio 2022 10,6x
Yield 2022 3,94%
Capitalization 10 386 M 10 184 M 10 184 M
EV / Sales 2022 0,23x
EV / Sales 2023 0,21x
Nbr of Employees 319 565
Free-Float 75,1%
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Technical analysis trends CARREFOUR
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 14,22 €
Average target price 20,88 €
Spread / Average Target 46,9%
EPS Revisions
Managers and Directors
Alexandre Bompard Chairman & Chief Executive Officer
Matthieu Malige Chief Financial Officer
Miguel Ángel González Gisbert Global Chief Technology Officer
Charles Edelstenne Independent Director
Mathilde Lemoine Independent Director
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