Grocery Store Acquisition Offers: Details and Updates

2023-11-30 18:44:39

However, the bosses of the two groups “Yves Claude and Thierry Cotillard have not necessarily submitted all the ingredients which constitute the offer”, specified Mr. Papin, interviewed on BFM Business. He did not provide information on the price of the offer, nor the total number of stores, nor the distribution between the two buyers.

Casino confirmed on Thursday that it had “received to date preliminary indicative offers from several buyers” for the purchase of “different scopes” of hypermarkets and supermarkets.

“I believe that everyone has made proposals, Carrefour must have made some, Leclerc must have made some too,” said Serge Papin, before defending the joint offer from his Auchan group and the Les Mousquetaires/Intermarché group which concerns “the whole [des magasins] », a “reassuring” criterion from a social point of view, according to him.

“Jobs are kept in the project” of Auchan and Intermarché, affirmed Serge Papin. “There will perhaps be some logistical tools” included in the takeover offer, “but it mainly concerns stores,” he said.

“Under review”

Casino for its part indicated that it “will not give details on the content of the offers which are currently being examined” and adds that “any sale operation must be previously approved by the consortium” candidate for the takeover of Casino around the Czech billionaire Daniel Kretinsky and the Frenchman Marc Ladreit de Lacharrière.

Intermarché already agreed with Casino a few months ago for the purchase of 119 stores, plus around sixty as an option. Around sixty changed brands at the beginning of October.

Wednesday morning, the investigative media “La Lettre” indicated that two pairs of brands, Système U-Lidl on one side, Intermarché-Auchan on the other, had positioned themselves to take over all or part of the department stores Casino formats, super and hypermarkets.

“There is no alliance between Système U and Lidl for a purchase of stores of the Casino brand,” reacted on X (ex-Twitter) the CEO of Système U Dominique Schelcher, a spokesperson for the brand having previously “formally” denied the information to the AFP.

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