Carrefour has announced it is to sell an 80% stake in its Chinese unit to Suning.com (a local retailer backed by Alibaba). We believe this is the right step by Alexandre Bompard. Moreover, we estimate this deal to have a positive impact on both earnings as well as the stock valuation. No change to the stock recommendation.
24 Jun 2019
Carrefour to sell Chinese unit, for good
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Carrefour to sell Chinese unit, for good
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
24 Jun 2019 -
Author:
Nishant Choudhary -
Pages:
3
Carrefour has announced it is to sell an 80% stake in its Chinese unit to Suning.com (a local retailer backed by Alibaba). We believe this is the right step by Alexandre Bompard. Moreover, we estimate this deal to have a positive impact on both earnings as well as the stock valuation. No change to the stock recommendation.