Carrefour S.A., FR0000120172

Carrefour agrees to buy Codifrance. Carrefour stock is 29.29 percent above its 52-week low

Published on 10/20/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Codifrance made EUR 307 million in fiscal 2025/26. Carrefour stock costs EUR 16.33 on October 20, 2026, 0.43 percent above Xetra close.

Acquisition and operating scale

Carrefour agreed to acquire Codifrance for EUR 152 million on October 19, 2026.
Carrefour achieved EUR 490 million in cost savings in the first half of 2026.
Carrefour stock trades at EUR 16.33 at 10:03 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.43 percent above the Xetra close of October 19, 2026.

Carrefour FR0000120172 Architektur-Render moderne Einzelhandels-Logistikhalle mit Sägezahndach — Architektur-Render einer Logistikhalle visualisiert Carrefour, ISIN FR0000120172, moderne Versorgungskette des französischen Einzelhandels, Illustration mit AI erstellt.

Carrefour stock is at EUR 16.33 at Lang & Schwarz on October 20, 2026, 0.43 percent above the Xetra close of October 19, 2026. The retailer agreed to acquire Codifrance from Colruyt Group for an enterprise value of EUR 152 million on October 19, 2026, according to Les Echos Comfi.

Codifrance adds a focused format

The agreement targets a French specialist in affiliation and proximity food distribution. Codifrance generated EUR 307 million in revenue in fiscal 2025/26, operates three distribution centers and supplies independent retailers.

The transaction is subject to customary conditions and authorization from the French Competition Authority. Carrefour expects completion in the first half of 2027, keeping the immediate financial effect limited while expanding its Proxi distribution model.

What does EUR 152 million add?

The acquisition is small beside Carrefour's EUR 91.5 billion of revenue in 2025, but its operating fit is concrete. The company already has more than 1,500 Proxi stores, and Codifrance adds wholesale expertise and infrastructure for proximity outlets, according to Ideal Investor.

Three dated Carrefour developments

On October 8, 2026, Carrefour announced the sale of properties linked to 35 stores for EUR 290 million, while remaining operator and tenant. On October 19, 2026, it agreed to acquire Codifrance for EUR 152 million. On October 20, 2026, the group was scheduled to publish third-quarter sales, with Bourse Direct citing Bloomberg consensus for 2.06 percent organic growth, including 1.01 percent in France, in its report dated October 19, 2026.

Reporting date and operating test

The third-quarter sales update was scheduled for October 20, 2026, according to Bourse Direct. The key test is whether France and other core markets can deliver the expected sales pace while Carrefour continues funding price investments.

Carrefour's first-half 2026 results showed EUR 22.70 billion in second-quarter sales and 1.90 percent like-for-like growth. The earnings call also said EUR 490 million of cost savings had been achieved in the first half, against a EUR 1.00 billion full-year objective, according to Yahoo Finance.

Stock stays above its yearly low

At EUR 16.33, the Lang & Schwarz quote is 29.29 percent above Carrefour's EUR 12.63 52-week low and below its EUR 17.54 52-week high, both as of October 20, 2026. The Xetra reference close was EUR 16.26 on October 19, 2026.

Carrefour stock was trading at EUR 16.33 at Lang & Schwarz on October 20, 2026 at 10:03 a.m. CEST, 0.43 percent above the Xetra close of October 19, 2026 at EUR 16.26. The further course of trading is shown by the continuously updated real-time quote of Carrefour stock.