Auchan Retail to acquire 235 supermarkets in Spain

Auchan Retail to acquire 235 supermarkets in Spain

Auchan Retail said on Tuesday that its Spanish subsidiary Alcampo has signed a deal to acquire 235 supermarkets and a warehouse located mainly in Castilla-León, Madrid, Aragon, Galicia and Asturias from DIA Group.

Auchan Retail said this acquisition of more than 180,000 m² of floor space is the perfect complement to the sites located in Spain and would accelerate Alcampo’s growth in the country.

The acquisition also includes the warehouse that the DIA group owns in Villanubla(Valladolid).

The 3,600 employees will be gradually integrated into the Alcampo teams as the stores are transferred. All transfers are expected to be completed by summer 2023.

When the transaction is complete, Alcampo will operate 540 stores in more than 100 cities across Spain, with more than 23,000 employees.

Yves Claude, Chairman and CEO of Auchan Retail said: “With this acquisition, Auchan Retail is significantly strengthening its presence in a strategic country for the brand. We are complementing our multiformat network with the goal of stepping up our growth in Spain to become the phygital leader in food retail, and above all the Spanish people’s brand of choice.”

Americo Ribeiro, CEO of Alcampo, said: “This transaction will allow us to expand our commitment to good, healthy and local products, and to bring our exclusive and responsible product offering to more customers. The location of these establishments complements the network of company-owned and franchised stores. Alongside our digital solutions, this will allow Alcampo to better meet the needs of our customers in their individual living spaces. “