A101 acquires CarrefourSA

The Share Transfer Agreement regarding the matter was signed on April 17, 2026, and the share transfer covers Sabancı Holding's 57.12% stake in the company as well as the 32.16% stake held by Carrefour Nederland BV, a subsidiary of the Carrefour Group. Upon completion of the transaction, shares corresponding to a total of 89.28% of CarrefourSA's capital will come under the control of Yeni Mağazacılık A.Ş.

Under the agreement signed between the parties, the transfer will be carried out based on a company valuation of 325 million dollars, with the final share price to be calculated according to net debt and working capital adjustments at the closing date. The transfer procedures will be completed subject to the fulfillment of all closing conditions, including obtaining the necessary approval from the Competition Board; thus, neither Sabancı Holding nor the Carrefour Group will retain any shares in CarrefourSA.

"We aim to create new growth areas by transferring our experience"

Yeni Mağazacılık A.Ş. Board Member Erhan Bostan emphasized that the transaction is an important part of their long-term growth strategy, stating, "With our widespread store network across Turkey, strong supply chain, and focus on operational efficiency, we prioritize creating sustainable value in the organized retail sector. This approach encompasses not only growing our existing operations but also creating new growth areas through different business models and formats. In this context, we believe that combining CarrefourSA's deep-rooted history and strong store network with our group's retail experience offers significant potential. It is envisioned that A101 and CarrefourSA will continue their operations independently under different management structures, in separate segments, and by maintaining their own brand identities. Accordingly, our primary goal is to work together with all our stakeholders to ensure strong and sustainable growth in the business areas where CarrefourSA operates and to create a diversified retail structure that reaches a wider customer base."

"We are shaping our capital allocation according to the portfolio structure of the future"

Sabancı Holding Strategic Investments President Gökhan Eyigün also highlighted that they manage their portfolio with an understanding that goes beyond the traditional holding model, prioritizes agility in execution, and focuses on creating sustainable value for their investors, saying, "This approach includes not only growing existing assets but also entries into and exits from the portfolio in line with our strategic priorities. In this context, within the framework of our evaluations and the strategic roadmap we have shared with all our stakeholders, we have initiated the process of transferring the CarrefourSA shares in the Sabancı Holding portfolio to Yeni Mağazacılık A.Ş. As part of our dynamic portfolio approach, this share transfer decision, which we made together with our partner of 30 years, Carrefour, is an important part of our vision to make Sabancı more focused on future goals. In line with this vision, we are shaping our capital allocation not only according to today's needs but also according to the portfolio structure of the future. With the new steps we will take in the coming period, we will continue to strengthen our focus in areas where we see long-term value-creating potential. CarrefourSA, which has implemented many firsts in Turkey since its establishment, has also pioneered the development of organized food retail in our country. We have full faith that this torch we are handing over to Yeni Mağazacılık A.Ş. will be carried much higher. In this context, we thank all our colleagues, managers, and stakeholders who have created value to date; we believe that this strong accumulation will continue to produce value in the coming period."

News Source: 12punto