Overview

• The sale process, launched in early July under Deutsche Bank’s mandate, forms part of Carrefour’s strategy to refocus investments on core markets in France, Spain and Brazil.
• Carrefour Argentina operates 663 stores nationwide, including 460 convenience-format Express outlets.
• Cedeapsa has submitted an offer to purchase 122 Express stores with plans to rebrand them as Chin Express.
• Other contenders expressing interest in acquiring the full operation include Coto, Día, Grupo One, La Anónima, GDN, Inverlat and Newsan.
• In the first quarter of 2025, the Argentine unit posted €1.039 billion in revenues, a 51.5% increase year-over-year driven by easing inflation and stable volumes.