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2h ago

Saadé Family Buys 4% of Carrefour, Becomes No. 2 Shareholder

Rodolphe Saadé joins the board on December 1 as an independent director through 2028.

Rodolphe Saadé (à gauche) et Alexandre Bompard lors de la cérémonie des BFM Awards au Grand Palais, à Paris, le 13 janvier 2025.
Le milliardaire Rodolphe Saadé entrera au conseil d'administration du groupe Carrefour le 1er décembre.

Overview

  • Carrefour said the stake was acquired via Carrix, a new vehicle co-owned by the Saadé family and CMA CGM.
  • Peninsula sold its holding, and Rodolphe Saadé will replace Peninsula’s representative Eduardo Rossi on the board.
  • Saadé will serve on Carrefour’s strategic committee under the current mandate running to the 2028 annual meeting.
  • Galfa, controlled by the Moulin-Houzé family, remains the largest shareholder with about 9.5% of the capital.
  • Carrefour’s CEO welcomed the move as strengthening governance, and the investment marks the Saadé family’s first entry into large-scale retail following recent media and Pathé deals.