The Belgian group also received “different offers (…) from other actors for around 15 stores”.
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Total amount of the operation: around 215 million euros. The Muskete-Intermarché Grouping has “acquire” 81 of the 104 stores of the French network Colruyt, announced the Belgian distributor, in a press release published Tuesday, June 17.
The Musketeers-Intermarché evokes for its part “An entry into exclusive negotiations” For the acquisition of 81 supermarkets and 44 service stations located in the east and the center-east of France.“This acquisition project is part of the strategic plan of the group which aims to strengthen the positions of its intermarché and clean brands in France, with the aim of reaching 20% of market share by 2028”indicates the distributor.
The purchase promise provides in particular “”the automatic transfer of more than 1,300 employees “, specifies Colruyt, which employs Over 2,300 people in France. The Belgian group ensures that it intends to save “as much as possible” the posts, “Including for activities and employees who are not affected by the offer”. “In addition, the Mousquetaire group would formulate job offers on permanent contracts for 175 stretching stations not automatically transferred”It is specified in the press release.
In April, the Belgian distributor had already reported “Difficult conditions on the very competitive French market in food distribution”by noting that “Despite important efforts on the profitability of its French activities, the expected results are(had) not affected “. “In this context and after an in -depth analysis of different strategic options”The group also believes that “The firm offer” proposed by the group has established itself as “The most sustainable solution due to similar operating modes”.