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Management’s discussion and analysis as of December 31, 2015
Other information
The option period was open from June 17 to July 7, 2015. At the end of
The acquisition was completed in January
2016 after employee
this period, shareholders owning 20.69% of Carrefour's shares had representatives at
Rue du Commerce
had been consulted and the
elected to reinvest their 2014 dividends.
necessary anti-trust approvals had been obtained.
July 17, 2015 was set as the date for:
It represents another step in the roll-out of Carrefour's omnichannel
strategy in France for the benefit of its customers both in stores and
settlement/delivery of the 3,556,885
new shares corresponding to
●
on-line.
reinvested dividends, leading to a total capital increase including
premiums of 102 million euros;
Planned acquisition in Romania
payment of the cash dividend to shareholders who chose not to
●
reinvest their dividends, representing a total payout of 390 million
On December
22, 2015, Carrefour announced that an agreement had
euros.
been signed with the Rewe group for the acquisition of Billa Romania,
Acquisition of
Rue du Commerce
which operates a network of 86 supermarkets spread across the whole
of Romania, representing a total sales area of 83,000
square meters.
Through this acquisition, Carrefour would become the leading
On August
24, 2015, Carrefour announced that it was in exclusive
supermarket operator in Romania, strengthening its multi-format offer
negotiations with Altarea Cogedim for the acquisition of 100% of the
to better serve its customers.
shares of
Rue du Commerce
, a major player in the non-food
e-commerce market in France.
Completion of this transaction remains subject to approval by the
relevant anti-trust authorities.
Main related party transactions
4.4.3
The main related party transactions are disclosed in Note 7.3 of the Annex to the Consolidated Financial Statements.
Subsequent events
4.4.4
In December
2015, the Group exercised an option to extend a On February
29, 2016, the Group announced it had signed an
2,500
million euros credit facility. The one-year extension, until
agreement with the Eroski group to acquire 36 compact hypermarkets
January
2021, became effective in January
2016. The Group retains an with a total sales area of 235,000 square meters, as well as 8
shopping
option to extend the facility by a further year. The operation has
malls and 22 gas stations adjacent to the stores. The acquisition is
contributed to the ongoing strategy to secure the Group's long-term subject to conditions, including approval by the relevant anti-trust
financing sources by extending the average maturity of its facilities
authorities.
(from 3.7 to 4.4 years as of December 31, 2015).
No other events have occurred since the year-end that would have a
material impact on the Consolidated Financial Statements.
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