Alcampo, the Spanish subsidiary of Auchan Retail, has signed an agreement for the acquisition of 235 supermarkets and a warehouse located in the regions of Madrid, Aragón, Asturias, Castilla y León, Galicia, Cantabria, Navarra and the Basque Country from the DIA Group. With this strategic acquisition, Alcampo consolidates its ambition to become the phygital leader in Spanish food retail.
The portfolio, which comprises a total sales area of over 180,000m², will be integrated into the Alcampo network, with 3,600 employees expected to join the Alcampo team. The stores will offer healthy, local products and access to a wide range of quality items at the 'best price'. The deal will also boost Alcampo's relationship with local producers.
The transaction is subject to the approval of the competition authorities and other approvals that are expected to be obtained in the coming weeks.
Yves Claude, President and General Manager of Auchan Retail, said: “With this deal, Auchan Retail significantly strengthens its presence in a strategic country for our brand. Thus complementing our multi-format network, with the ambition of accelerating our growth in Spain to become the leader in the phygital food trade and thereby be the preferred brand of the Spanish”.
Americo Ribeiro, CEO of Alcampo, commented: “This acquistion will allow us to advance in our commitment to what is good, healthy and local, as well as bring our offer of exclusive and responsible products to a greater number of customers. The location of these establishments complements the network of owned and franchised stores, something that, together with digital solutions, reinforces Alcampo's response to the needs of our customers in each of their areas of life”.
