Carrefour has launched a fresh bid to take over the remaining shares in Hyparlo, following the decision of the Court of Appeal that obligated Carrefour to do so. The Parisian court ruled in September that Carrefour had indirectly taken control of the company and must therefore purchase the remaining shares.
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The supermarket chain has offered EUR39.22 (US$46.599) per share, meaning that the total purchase would cost Carrefour EUR320m if the offer were to be accepted.
Carrefour have previously launched takeover bids that failed because minority shareholders have argued that their shares are worth more than the company has offered.
Carrefour’s offer will remain open until 10 March.
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By GlobalData
