Carrefour ‘highly confident’ about future even without merger

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PARIS: Europe's largest retailer Carrefour said on Thursday it was 'highly confident' it could accelerate its turnaround even without a merger with we...

Europe's largest retailer Carrefour said on Thursday it was"highly confident" it could accelerate its turnaround even without a merger with wealthy Canadian suitor Alimentation Couche-Tard.

Commenting on the failed Couche-Tard deal, chief executive Alexandre Bompard said:"This episode is a positive sign that Carrefour has become attractive once again. My responsibility was to explore this offer but it was cut short by the government." In a further sign of its confidence, Carrefour said it would reward investors with a full cash dividend payment instead of a payment in shares. It increased its 2020 dividend by 4.3% to 0.48 euros per share.

All store formats in France, including hypermarkets, saw sales rise and Carrefour said French hypermarkets would continue to improve.

 

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