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last mo.

Carrefour Buys Mendoza’s Súper A as Argentina Sale Advances

The Express expansion underscores a sale process that is moving to a Paris review by Carrefour’s M&A committee.

Uno de los locales de Carrefour.
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La multinacional francesa alcanzó las 700 sucursales en el país.
Carrefour compró las 16 sucursales de Super A en Mendoza y las transformará en Carrefour Express a partir de septiembre.

Overview

  • Carrefour acquired 16 Súper A stores in Mendoza, which will reopen this month as Carrefour Express following refurbishments, with staff continuity confirmed by the seller.
  • The addition strengthens the convenience format in the province and takes the local network to roughly 700 locations, according to local reporting on company figures.
  • Deutsche Bank is preparing an initial set of proposals for presentation to Carrefour’s global M&A committee in Paris as the divestment process moves forward.
  • Domestic chains Coto and GDN (ChangoMás) are viewed as leading bidders, with La Anónima also cited, while other interested parties such as Inverlat and Manuel Antelo stepped back.
  • Negotiations center on a reference valuation near US$1 billion, potential partial sales, limits on local use of the Carrefour brand, and treatment of labor contingencies, with a GDN deal likely requiring antitrust review.