Carrefour Group’s acquisition of a c17% strategic stake in Showroomprivé has been fulfilled

Carrefour Group’s acquisition of a c17% strategic stake in Showroomprivé has been fulfilled

Carrefour Group’s acquisition of a c17% strategic stake in Showroomprivé has been fulfilled

The FINANCIAL -- Showroomprivé, Europe’s second-largest online private sales player, announced that Carrefour Group had finalized the acquisition of a c17% strategic stake in the capital of Showroomprivé from Conforama, as announced on January 11 2018.

Following the completion of this operation, Carrefour Group replaces Conforama in the existing shareholders’ agreement between the founders of Showroomprivé and Conforama. The founders retain a stake representing 27.17% of the capital and 40.42% of the voting rights of Showroomprivé and Carrefour Group acquires a 16.86% stake in the capital and 13.67% of the voting rights.

This operation was granted an exemption from the obligation to file a takeover bid by the Autorité des Marchés Financiers, according to Carrefour Group.

Carrefour Group will be represented on the Board of Directors of SRP Groupe, Showroomprivé’s head company, by Marie Cheval, Executive Director Customers, Services and Digital Transformation of Carrefour Group and Carrefour France, who will be a member of the Board and Frédéric Haffner, Executive Director Strategy and M&A of Carrefour Group, who will be censor of the Board of Directors.