Carrefour is in talks to buy over 200 discount stores in Spain owned by German retail group Tenglemann.
The French retail giant declined to comment on the negotiations, which could involve the acquisition of some 234 stores under the Plus banner.
However, when contacted by just-food today (9 July), Tenglemann confirmed talks are taking place. “Exploratory discussions are currently taking place because Plus Spain has not achieved the desired market position after 14 years of commitment,” a spokesperson said.
Tenglemann declined to comment further on the future of the Plus estate in Spain, which generates annual sales of around EUR524m (US$714m).
Carrefour refused to be drawn on its ambitions in Spain, where the company’s sales grew by 3.4% last year to EUR14bn. “That is a strategic question that we will not comment on,” a Carrefour spokesperson told just-food.