Shares in French retail behemoth Carrefour rose sharply yesterday [Wednesday] on rumours that it was being courted by its larger US counterpart Wal-Mart.


As yet the rumours have not been substantiated, but shares nevertheless rose 4.1% to €42.77 (US$71.78) on an unusually heavy volume of 7.3 million shares.


An unnamed trader was reported by the Guardian as confirming that: “The rumour is that Wal-Mart are looking to buy Carrefour. There is nothing to confirm this but it’s affecting the price.”


A merger of the world’s leading retail, Wal-Mart, with second-placed Carrefour would doubtless prompt intensive investigations on the part of 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.