Carrefour, Fnac Darty merger likely – report (translated)
27 DEC 2017
French supermarket chain Carrefour [EPA:CA] is likely to merge with Fnac Darty [EPA:FNAC], Belgian business daily De Tijd reported, citing a report in the French newspaper Les Echos that in turn cited analysts.
Carrefour needs a merger or an acquisition to survive, the report continued. On 23 January, the company will announce its plans, and a merger with the electronics retail chain seems most likely, according to the report.
The new CEO of Carrefour, Alexandre Bompard, previously worked at Fnac Darty. Earlier this month, both the retail chains signed a cooperation agreement, which further makes the merger possible, the report added.