Carrefour, Intermarché bid for Colruyt's French unit Codifrance

Carrefour and Intermarché have submitted competing bids to acquire Codifrance, Colruyt's French convenience-store supply arm, with offers of €155M and €120M respectively. The deal, to be reviewed Friday, would transfer ~3,000 stores and two logistics sites, with Carrefour pledging to maintain 500 jobs for 18 months. This signals consolidation in French food retail and could reshape supply dynamics for independent convenience stores.