Carrefour raises almost EUR300 million via S&L

Carrefour is selling 35 properties in France and Spain to a joint venture between Atrato and GIC for approximately EUR290 million. The sale-and-leaseback transaction covers 26 supermarkets and nine hypermarkets, which Carrefour will continue operating under 12-year leases. The deal forms part of its Carrefour 2030 property strategy and is expected to generate a significant capital gain without materially affecting recurring operating profit. (Carrefour)