Al Arabiya Net _ The French retail chain "Carrefour" announced that it has agreed to acquire the ready-to-eat food distribution company "Codifrance" from the Belgian company "Colruyt" for $170 million (€152 million).
The company stated that the acquisition aims to strengthen Carrefour's position in the small retail store sector and expand its scope of support for independent retailers.
The company added in a statement on Monday: "This acquisition is fully aligned with the execution of the company's 2030 strategy," according to the German news agency "dpa".
Transaction to be Completed During the First Half of 2027
The company clarified that this transaction will enable it to leverage Codifrance's customer base, logistical infrastructure, and expertise, with the transaction expected to be completed during the first half of 2027.
Codifrance, the ready-to-eat food distribution company, recorded sales of $343.8 million (€307 million) during the 2025-2026 financial year.
