Auchan Russia is counting on sanctions being lifted to continue trading

Auchan Retail (2023 sales €32.26 billion, down 2% in a year, via 2,354 stores in 12 countries) has ended discussions with Gazprombank concerning the sale of 232 Russian stores, according to La Lettre. On December 18, 2024, the negotiations started in September had suggested a sale price of €400 million. But a few days later, Elo’s subsidiary informed Gazprombank that it would not be selling 94 hypermarkets and 138 supermarkets, which accounted for €3.2 billion in sales in 2023.

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