M&A Deal Summary

Suning.com Acquires Carrefour SA - China Business

On June 23, 2019, Suning.com acquired retailer Carrefour SA - China Business from Carrefour for 620M EUR

Acquisition Highlights
  • This is Suning.com’s 1st transaction in the Retail sector.
  • This is Suning.com’s largest (disclosed) transaction.
  • This is Suning.com’s 1st transaction in China.

M&A Deal Summary
Date 2019-06-23
Target Carrefour SA - China Business
Sector Retail
Buyer(s) Suning.com
Sellers(s) Carrefour
Deal Type Divestiture
Deal Value 620M EUR

Target

Carrefour SA - China Business

China
Carrefour SA - China Business is a food retailer.

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Buyer(S) 1

Buyer

Suning.com

Nanjing, China
Category Company
Founded 1990
Sector Retail
Employees39,031
DESCRIPTION

Suning.com is an online-to-offline (O2O) smart retail company. Suning offers smart retail and O2O, full category operations, omni-channel operations, global expansion, logistics cloud services, data cloud, and financial cloud services, enabling one-stop shopping solutions through bricks-and-mortar stores, PCs, mobile devices and TVs at home. Suning.com was founded in 1990 and is based in Nanjing, China.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Carrefour

Massy, France
Category Company
Founded 1959
Sector Retail
Employees305,309
Revenue 84.9B EUR (2023)
DESCRIPTION

Carrefour is a global food retailer. The Company operates more than 12,000 stores located in 29 countries. Carrefour was founded in 1959 and is based in Massy, France.

DEAL STATS #
Overall 3 of 5
Sector (Retail) 3 of 3
Type (Divestiture) 3 of 5
Country (China) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 So.bio

Bordeaux, France

So.bio is a chain of stores specialized in the distribution of organic products. So.bio is based in Bordeaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Ewally

São Paulo, Brazil

Ewally is a digital financial services provider. Ewally provides a new everyday money experience, especially for those people outside the financial system. Ewally is based in São Paulo, Brazil.

Buy -
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