Source: Reuters (via feed)
France-based Carrefour, the largest food retailer in Europe, announced it has agreed to sell its Romanian unit to Paval Holding. The deal is valued at 823 million euros, equivalent to about 976 million U.S. dollars. Carrefour made this decision as part of its ongoing portfolio optimization strategy. The sale is expected to close within the current fiscal year. Meanwhile, Paval Holding will take over operations of the Romanian business after the transaction. Carrefour’s move highlights a focus on strengthening its core markets. The company has been reviewing its international units to improve profitability. Romanian consumers and business stakeholders may see changes as the new owner assumes control. Despite this sale, Carrefour continues to be a major player in the European retail sector.
This transaction reflects Carrefour’s strategic shift to reshape its portfolio, which can affect market competition and investor focus.
