Overview

• Carrefour has officially mandated Deutsche Bank to value and solicit buyers or partners for its Argentina arm as part of a global restructuring.
• The retailer is considering full divestment, a partial sale with a local partner or a strategic joint venture that could include transfer of the Carrefour brand.
• Local and international suitors such as La Anónima, Francisco de Narváez’s GDN, Inverlat and Mercado Libre have expressed interest in the asset.
• Carrefour Argentina operates over 680 stores, generates about $6 billion in annual sales and employs more than 17 000 people, and its operations will continue unchanged.
• Pablo Lorenzo is slated to lead Carrefour’s Latin America unit starting next Monday as the divestment process unfolds over several months.