PARIS — Carrefour SA continues to expand its European footprint.
The French retailer said on Monday it has signed an agreement to acquire a network of 36 compact hypermarkets, including eight shopping malls and 22 gas stations adjacent to the stores from the Eroski Group in Spain.
The acquisition, Carrefour said, would allow it to grow its presence in 27 new cities while strengthening its position in the food segment as the group continues to pursue its multiformat, omnichannel strategy.
Financial details of the deal, which concerns a total sales area of 2.5 million square feet, were not disclosed.
The transaction remains subject to approval by the relevant antitrust authorities.