Carrefour has made an offer to purchase the 75 per cent majority stake in Russian retail group Seventh Continent (Sedmoi Kontinent), according to reports in Russia.
The non-binding offer is said to cover main owner Alexander Zanadvorov's US$560m debt to Deutsche Bank.
'Carrefour is talking to Deutsche Bank about buying the entire stake of Alexander Zanadvorov, which the bank has as collateral against a loan,' a banking source working with Carrefour told Reuters.
Executive chair Richard Walker says he wants to advocate for customers and colleagues and narrow the gap between government and British high streets
The UK discounter will remove and recycle pineapple crown prior to sale
Real-terms market growth expected to continue at lower level throughout 2025-26
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The group said it was confident Sosef’s “extensive experience and innovative vision” would drive the division to new heights
Eight members elected at the organisation’s recent AGM
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