French retail giant Carrefour has announced a simplified public offer for all the outstanding shares in Hyparlo it doesn’t already own. The offer for Carrefour’s largest franchisee is priced at €39.22 per share.

In January 2005, Carrefour took a 50% stake in Hofidis ll, which owns 57.7% of Hyparlo, in addition to its existing 20% direct holding in the company, which remained unchanged.

However, on the 13th September 2005, the Court of Appeal in Paris decided that a full offer should be made for the entire share capital of Hyparlo in conjunction with the Arlaud family.

Before the offer, on the 20th December 2005, Carrefour acquired, at an agreed price of €39.22 for each Hyparlo share, the participation in Hofidis ll of the Arlaud family, which has decided it will not participate in the public offer.

This transaction is subject to approval from the competition authorities.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

These two transactions represent a maximum investment for Carrefour of €320m if all Hyparlo shares are tendered to the offer.

“While strengthening its leadership position in France with the integration of 12 hypermarkets principally in the Rhône-Alpes region, Carrefour acquires control of a new engine for growth, offering attractive prospects for development, with the integration of five hypermarkets in Romania,” Carrefour said in a statement.

Hyparlo Group’s sales including VAT were € 1.3bn in 2004.