Comprehensive M&A data with integrated detailed company information

Aldi in talks to buy Leader Price
Posted on Friday, 20 September 2019 13:28
French supermarket operator Casino has confirmed discussions are underway over a potential sale of Leader Price to Aldi.

The company said its German peer had expressed its interest in the business and the parties have subsequently begun negotiations with a view to a binding offer being made.

Casino said that once concrete details are available, they will be announced publicly, noting that it will act in the best interests of Leader Price, its employees and partners during the discussions.

The prospective target is a discount grocery store operator, founded in 1990, which operates almost 800 locations stocking some 4,000 products throughout France.

It has been owned by Casino since 1997.

There have already been 511 deals targeting supermarkets and other grocery store operators announced worldwide since the beginning of 2019.

Interestingly, France is the most frequently targeted country within these 511 transactions and also attracted the most value, with 236 deals worth an aggregate EUR 9.44 billion.

The largest of these involved JPMorgan divesting a 6.4 per cent shareholding in Carrefour for proceeds of EUR 858.29 million.

In terms of value, the second-placed country was Colombia, with EUR 5.65 billion, although it is worth noting that this was due entirely a single deal as GPA, via Sendas Distribuidora, agreed to buy a 55.3 per cent stake in Envigado-headquartered Almacenes Exito earlier this month.

It was a different story by volume as the US was the second-most-frequently targeted country in the year to date, with 79 deals.

The largest of those saw Apollo Global Management, through its First Street Parent unit, reaching an agreement to pick up Smart & Final Stores from Ares Management for EUR 990.88 million.

© Zephus Ltd