French supermarket chain plans to buy French low-cost supermarket Penny Market from Germany’s Rewe, while selling catering supplies group Prodirest to transGourmet, a joint venture between Rewe and Swiss company Coop, according to the AFX news agency.
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Carrefour said it has, along with Rewe, been in contact with the works councils at the relevant divisions, and that the contracts for the acquisitions in question will be signed once those talks are completed.
Penny Market operates 101 discount stores in northern France, and posted sales of €262m (US$317m) last year. Prodirest had sales of €526m in 2004.
