Carrefour to Buy Cora, Match French Banners in $1.2 Billion Deal

Carrefour SA agreed to buy the Cora and Match banners in France from the Louis Delhaize group for an enterprise value of €1.05 billion ($1.2 billion), marking the retailer’s first major acquisition in its domestic market in more than 20 years.

The all-cash deal includes 60 hypermarkets and 115 supermarkets mostly in eastern and northern parts of the country where Carrefour has little presence, the French retailer said in a statement on Wednesday. These stores had net sales of €5.2 billion last year, according to the statement.

The transaction is expected to close in the summer of 2024 and will ...