Carrefour to Acquire Codifrance in €152 Million Deal

Carrefour has agreed to acquire Codifrance from Belgian retail group Colruyt Group in a transaction valued at €152 million, strengthening its convenience retail operations in France.

Announced on October 19, 2026, the deal covers a business supplying approximately 3,100 clients nationwide and operating three logistics distribution centres.

Carrefour Expands Its French Convenience Retail Network

Codifrance specialises in affiliation and convenience food distribution. Around 800 of its approximately 3,100 clients operate under branded banners, including Coccinelle, CocciMarket, Panier Sympa, VivEco and Epi Service.

The stores served by the business have sales areas ranging from 60 square metres to 1,000 square metres. Codifrance employs nearly 380 people and generated €307 million in revenue during the 2025/2026 financial year.

Carrefour Chairman and Chief Executive Officer Alexandre Bompard said the acquisition aligns with the Carrefour 2030 strategy, which prioritises convenience retail expansion and selective acquisitions.

He described Codifrance as a complementary business with established relationships with independent retailers.

Three Logistics Centres Support the Acquisition

Codifrance operates three logistics distribution centres, with its two principal facilities each spanning 25,000 square metres. These facilities are located at Châteauneuf-sur-Loire and Caupiquet in France.

The acquisition would bring Codifrance's distribution infrastructure and customer network into Carrefour's operations.

The transaction also gives Carrefour access to an established network of independent retailers without relying solely on new store development.

The agreement has implications for commercial property because the business includes a network of convenience retail locations and logistics facilities.

However, the article does not specify any individual property acquisitions, changes to store leases or plans for new property development.

Carrefour Targets 7,500 Convenience Stores by 2030

The acquisition supports Carrefour's objective of operating 7,500 convenience stores across France and Spain by 2030, including more than 1,000 new openings in France alone.

The group operates more than 15,500 stores across over 40 countries and generated €91.5 billion in revenue in 2025.

The Codifrance transaction adds to its strategy of expanding through acquisitions and strengthening relationships with independent retailers.

The source article also identifies competitive pressure in France's convenience retail segment.

Carrefour franchisees had reportedly been sourcing supplies from Codifrance outside the group, while rival Intermarché had been expanding into the same convenience network.

Colruyt Group Refocuses on Core Priorities

For Colruyt Group, the sale represents a strategic refocus.

Chief Executive Officer Stefan Goethaert said Codifrance had developed into a leading distributor to local retailers in France and that the company could maximise its growth potential in an environment better aligned with its market and ambitions.

The divestment will allow Colruyt Group to concentrate its capital allocation on its core priorities in European food and health retail.

Also Read: Mitiska REIM Opens First Retail Park in Bulgaria

Key Takeaways

• Carrefour agreed to acquire Codifrance at an enterprise value of €152 million.
• Codifrance serves approximately 3,100 clients and employs nearly 380 people.
• The business operates three logistics centres and generated €307 million in 2025/2026 revenue.
• Completion remains subject to French Competition Authority approval, with finalisation anticipated in the first half of 2027.

Also Read: Lucron Launches New Arboria Residential Phase in Trnava

By the Numbers

• €152 million: Enterprise value of the acquisition.
• €307 million: Codifrance revenue for the 2025/2026 financial year.
• 7,500 stores: Carrefour's convenience store target across France and Spain by 2030.
• 25,000 square metres: Area of each of Codifrance's two principal logistics centres.

Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.