Carrefour Finalizes Acquisition of Outstanding Shares in Brazil

Carrefour has successfully acquired all outstanding shares in Grupo Carrefour Brasil, following approval from minority shareholders. This acquisition signifies a pivotal moment in Carrefour's strategy within Brazil, facilitating complete ownership and the subsequent delisting from the São Paulo Stock Exchange (B3).

Shareholders have until May 12th to select their compensation preference: R$8.50 per share in cash, one Carrefour share per 9.96 Carrefour Brazil shares, or a combination of cash and shares. This move supports Carrefour's growth strategy in Brazil, enhancing operational agility to pursue sustainable growth in this dynamic market.