Carrefour SA (ENXTPA:CA) agreed to acquire 16.9% stake in SRP Groupe S.A. (ENXTPA:SRP) from Conforama Holding S.A. for €78.8 million on January 11, 2018. Carrefour SA will pay €13.5 per share. An additional payment will be made by Carrefour to Conforama should Carrefour launch a takeover bid for Showroomprivé within eighteen months of the completion of the transaction. This additional payment will be equal to the difference between the offer price per share made by Carrefour and the acquisition price, multiplied by the number of shares sold by Conforama. Post-acquisition, Conforma will hold no shares of Showroomprive.com, SARL. The founders will retain a stake representing 27.17% of the capital and 40.42% of the voting rights of Showroomprivé. This transaction is subject to obtaining of a waiver by the Autorité des Marchés Financiers exempting Carrefour from the obligation of launching a public offer.

Matthieu Pigasse, Nicolas Constant, Vincent Thillaud of Lazard acted as financial advisors and Benjamin Kanovitch, Clémence Fallet, Simon Lange, Olivier Billard, Guillaume Fabre, Irene Madero, Julien Gayral and Jean-Florent Mandelbaum of Bredin Prat acted as legal advisors to Carrefour SA. Daniel Villey of Villey Girard Grolleaud acted as legal advisor for Conforama Holding S.A. Cyrille de Mont-Marin, Pierre-Henri, Elsa Fraysse and François Wat of Rothschild & Cie acted as financial advisors and Marie-Laurence Tibi, Yohann Smadja, Anne-Sophie Coustel and Frédéric de Bure of Cleary Gottlieb acted as legal advisors to SRP Groupe S.A.

Carrefour SA (ENXTPA:CA) completed the acquisition of 16.9% stake in SRP Groupe S.A. (ENXTPA:SRP) from Conforama Holding S.A. on February 7, 2018. This operation was granted an exemption from the obligation to file a takeover bid by the Autorité des Marchés Financiers. Carrefour Group will be represented on the Board of Directors of SRP Groupe by Marie Cheval, Executive Director Customers, Services and Digital Transformation of Carrefour Group and Carrefour France, who will be a member of the Board and Frédéric Haffner, Executive Director Strategy and M&A of Carrefour Group, who will be censor of the Board of Directors.