Carrefour to acquire 30 Makro stores in Brazil

Carrefour to aquire 30 Makro stores in Brazil

Grupo Carrefour Brasil, the Brazilian unit of French retail giant Carrefour, has signed an agreement with Makro Atacadista SA, to acquire 30 Makro (Cash & Carry) stores in Brazil for 1.95 billion reais (app. $450 million, €420 million) to expand its Atacadão format.

Atacadão is the Cash & Carry Business Unit of Grupo Carrefour Brazil. It operates 187 stores across Brazil and 28 wholesale centers at end-2019.

The acquisition involves 30 stores (including the real estate of 22 of those, which are fullyowned, and another 8 rented stores) totaling 165,000 square meters of sales area and 14 gas stations, located in 17 states across Brazil. Carrefour plans to convert these stores to its Atacadão banner during the 12 months following the closing of the transaction.

“This transaction is Carrefour Group’s most significant move in Brazil since the acquisition of Atacadão in 2007. It underscores our strong commitment to expanding our growth formats, in line with the Carrefour 2022 Transformation Plan. With this transaction, we further expand our presence in the Brazilian market, the group’s second-biggest after France,” said Alexandre Bompard, Chairman and CEO of Carrefour Group.

“This transaction represents a growth accelerator for Carrefour in Brazil. With this acquisition, Atacadão will strengthen its footprint and further consolidate its presence in Brazil. Combined with our organic growth pace, with 20 new Atacadão stores opened in 2019, this acquisition corresponds to one year and a half of expansion and is a significant step for Grupo Carrefour Brasil,” added Noël Prioux, CEO of Grupo Carrefour Brasil.

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