French retail giant Carrefour has been given approval by a national financial market regulator for its simplified takeover bid for subsidiary Hyparlo, reported local press. 


According to the Les Echos newspaper, minority shareholders plan to appeal against the decision, taken by French regulator AMF.


On 22 December 2005 Carrefour announced the simplified public offer for all outstanding shares in Hyparlo it did not already own, priced at EUR39.22 per share.


Carrefour had in January 2005 taken 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.

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.