Overview
- GDN is drafting final contracts after submitting the only formal $1 billion offer, with a closing in the coming days reported by La Nación.
- Rival bidders Klaff Realty, Coto, and Peru’s Intercorp remain engaged, with formal proposals targeted around December 15 according to market reports.
- GDN intends to negotiate a license to keep the Carrefour brand in Argentina, avoiding a costly rebranding across more than 700 stores.
- The bid is backed by partner L Catterton, an investor associated with LVMH and Bernard Arnault, signaling significant financial support.
- Market analysis points to limited antitrust risk due to minimal overlap between GDN’s Changomás network and Carrefour’s footprint, which could ease approval.