M&AConsumerRUMOURED
Carrefour Considers Acquiring Condis to Grow in Catalonia
Acquirer
Carrefour
Target
Condis
Carrefour is reportedly exploring the acquisition of Condis, a Catalan supermarket chain. Condis's current owners, Portobello and its management team, refinanced the company's debt this summer to distribute a dividend of approximately 100 million euros and strengthen their negotiating position with the French group.
✦ Meridian Analysis
The deal is a strategic‑buyer pursuit, with Carrefour probing a possible acquisition of the Catalan retailer Condis, placing the transaction at the rumour/exploratory stage. The current owners, Portobello and the management team, act as the financial sponsor side, having recently refinanced Condis’s debt and paid a €100 million dividend to improve their leverage profile ahead of a sale. The announcement does not disclose any indicative price, the proposed financing mix, adviser appointments, expected closing timetable or the need for competition‑law clearance in Spain or the EU.
The Meridian Weekly
The week's largest deals and the Iberian ones, every Monday. Free.