Carrefour signs an agreement with Eroski to acquire 35 supermarkets | Key4Communications | News

The supermarkets Basque chain Eroski has signed a deal for the sale of 36 hypermarkets to the French company Carrefour, for a maxim figure of 205 million euros. The deal between both distribution groups forecasts the maintenance of the staff as well as the working conditions. With this transaction, Eroski finishes its disinvestments operation, which were fixed in the strategic plan designed in order to reduce the hypermarkets and supermarkets net of the group, as well as to strengthen their imperative businesses, according to the company.

In this operation, which has to be approved by ‘Comisión Nacioal de los Mercados y la Competencia (CNMC), are included the establishments of Algeciras, Antequera, Ceuta, Fuengirola, Roquetas de Mar y Vélez-Málaga, in the southern region. In the Mediterranean part, the stores of Aguilas, Amposta, Cornellá, Cullera, Denia, two places of Lorca, Murcia, Ondara, Orihuela, Sa Coma, San Javier, Sant Cugat, Santa Pola, Son Cotoner and Terrassa.

As a mid-term objective, the Basque company is going to restyle part of their commercial net in order to make it similar to the closer model which develops over the name ‘Contigo’, which currently reports 7% growing. This way, the company will neutralize the impact of selling 35 stores, which now suppose a 8,5% of the total sales