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Auchan says no contacts between top family shareholders of Auchan, Carrefour

Auchan says no contacts between top family shareholders of Auchan, Carrefour
Auchan says no contacts between top family shareholders of Auchan, Carrefour   -   Copyright  Thomson Reuters 2021
By Reuters

PARIS – There are no contacts between the two families that control Auchan and Carrefour about a possible tie-up between the two retailers, an Auchan spokesperson said on Tuesday, denying media reports.

“Auchan denies any contact between our own controlling shareholder, the Mulliez family, and the Moulin family. The families have not been talking since October about the Carrefour dossier,” the spokesperson told Reuters.

BFM Television reported on Monday that two months after Carrefour ended talks over a possible tie-up with Auchan, the Mulliez and Moulin families were still in contact over a potential deal.

A source close to Carrefour also denied any fresh contacts with Auchan. “There are no longer any discussions between the two groups,” the source told Reuters.