NewPrinces to buy Carrefour’s business in Italy for €1bn
The deal involves 1,188 Carrefour locations across Italy and is expected to close by the end of the year.
Carrefour has announced the sale of all its operations in Italy to NewPrinces Group for €1 billion. This transaction is part of the strategic review initiated by Carrefour at the beginning of the year.
Carrefour Italy operates a multi-format network of 1,188 stores, including 41 hypermarkets, 315 supermarkets, and 820 convenience stores, that generated gross sales of €4.2bn in 2024.
The company will continue to operate under the Carrefour brand under a license agreement during a transitional period, as provided for in the services agreement. As part of the transaction, NewPrinces has committed to invest a minimum of €200 million to enhance the long-term competitiveness of the Company.
"The acquisition of Carrefour Italia represents a fundamental step in the growth trajectory of our Group," said NewPrinces Group Chairman Angelo Mastrolia, "with this operation, we take a decisive step towards vertical integration between production and distribution, strengthening our ability to generate value along the entire supply chain."
NewPrinces is a European agri-food group based in Italy. With a strong presence across four key markets and exports to over 60 countries, NewPrinces generated sales of €2.8bn in 2024. The company is listed on the Milan Stock Exchange.
