After the failed takeover bid last October, the Mulliez “would not exclude returning to the charge” to buy Carrefour. This time, with three funds on board from KKR, CVC and CD&R. The project would result in a retail giant, controlling 30% of the market share in France.
Three months ago, the AFM reported a takeover bid at €21.5 per Carrefour share, including 30% in Auchan shares. A €12 billion operation, financed mainly by debt. Carrefour refused, demanding a 100% cash offer. No matter. With...