Auchan sells Italian hypermarkets to Conad

Source: italianfoodtoday, Monday, May 13, 2019

Conad has completed the acquisition of several Auchan stores in Italy. Bdc Italia, the ad hoc company set up by Conad (51%) and financier Raffaele Mincione (49%) took over 46 hypermarkets from the French group. The value of the transaction is around EUR6-700 million. The project involves the transfer of commercial activities to Conad, while the buildings will go to the financier Mincione. (Italian language)