Carrefour Signs an Agreement with Eroski to Acquire 36 Stores in Spain

Regulatory News:

The Carrefour Group (Paris:CA) announces it has signed an agreement with the Eroski Group to acquire 36 compact hypermarkets with a total sales area of 235,000 square meters, as well as 8 shopping malls and 22 gas stations adjacent to the stores.

This acquisition would allow Carrefour to grow its store network and gain a presence in 27 new cities while strengthening its position in the food segment. Carrefour is thus continuing its multi-format, omni-channel expansion for the benefit of its clients. The acquisition of these stores is subject to conditions, including approval by the relevant antitrust authorities.

About Carrefour Spain

Present in Spain since 1973, Carrefour has more than 41,000 employees in the country and operates 173 hypermarkets, 126 supermarkets, 419 Express, 123 gas stations and 656 travel agencies (as of 31/12/2015).

About Carrefour Group

A multi-local, multi-format and omni-channel retailer, Carrefour employs more than 380,000 people globally. With 12,300 stores in 35 countries, the group generated revenues of €104.4 billion under banners in 2015. As a partner for daily life, Carrefour welcomes every day more than 12.5 million customers around the world.

Carrefour is committed through its daily actions to sustainable and responsible trade. The Group's Corporate Social Responsibility approach is built on three pillars: fighting waste in all its forms, protecting biodiversity and working alongside the company's partners.

For more information: www.carrefour.com, @CarrefourGroup on Twitter

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