Overview
- The November 18 deadline to submit binding bids passed without any offers delivered to Deutsche Bank.
- All three remaining contenders—Coto, GDN led by Francisco de Narváez, and U.S.-based Klaff Realty—requested extra time to continue due diligence.
- Deutsche Bank is expected to set a new timetable, leaving the process temporarily on hold.
- The potential change of ownership could reshape supermarket competition and supplier relationships given Carrefour’s 600-plus stores, roughly US$6 billion in annual sales, and more than 17,000 employees.
- Bidder strategies diverge: Coto prioritizes large-format stores, GDN has brought in L Catterton and is preparing funding, and Klaff brings regional experience from its Tienda Inglesa acquisition in Uruguay.