Overview
- GDN, led by Francisco de Narváez, submitted a near‑deadline offer of about US$1 billion that is described as final but remains subject to audit-based adjustments.
- Coto and U.S.-based Klaff Realty remain in the final round, after an initial deadline passed with no physical offers delivered to Deutsche Bank.
- Carrefour’s Paris headquarters will evaluate the finalists’ proposals, with sources indicating a commercial agreement could be signed before year‑end and legal closing in 2026.
- The GDN consortium is structured 60% GDN and 40% L Catterton, whose investors include LVMH and Bernard Arnault, and it plans to keep the Carrefour name under a license or franchise if it prevails.
- Carrefour Argentina operates roughly 650–700 stores with near US$6 billion in annual sales and about 17,000 employees, and observers say antitrust hurdles may be limited given Changomás’s modest overlap.