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4 clusters · 31 sources · 13 days · First seen · Last updated

CarrefourSA joins A101 under Aydın Grup

Overview

In April 2026, CarrefourSA’s 89.28% shareholding was transferred to Yeni Mağazacılık, the holding company of discount chain A101, completing a deal valued at approximately $325 million. The transaction incorporated Sabancı Holding’s 57.12% stake and Carrefour Nederland BV’s 32.16% stake, receiving all required legal clearances—including approval from Turkey’s Competition Authority—and formally closing on 31 July 2026. Hatice Evren was appointed CEO of CarrefourSA.

The two brands will remain separate, with the Carrefour name retained under a licensing agreement for at least two years. Financing for the acquisition was provided by a $200 million loan from the European Bank for Reconstruction and Development and a $50 million syndicated loan from the Dutch development bank FMO, both linked to sustainability targets. At the time of sale, CarrefourSA operated over 1,250 stores in 77 provinces, carried roughly $970 million of debt, and posted a $151 million net loss in 2025.

Following the takeover, the new majority shareholder, Yeni Mağazacılık A.Ş., provided approximately 15.9 billion TL in capital advances to CarrefourSA during the first ten days of August 2026. These funds, delivered in three installments, are intended to strengthen the company's financial structure, settle debts, and support operations. Consequently, CarrefourSA shares experienced a historic rally on Borsa İstanbul, rising 94.4% over seven consecutive trading days in early August.

Entities

CarrefourSA · Yeni Mağazacılık A.Ş. · Sabancı Holding · A101 · Hatice Evren

Timeline

  1. 14 days ago

    [BUSINESS] 2 sources
    CarrefourSA shares rally 94% after ownership transfer and 15.9 billion TL capital injection

    CarrefourSA shares surged 94.4% following a takeover by Yeni Mağazacılık A.Ş. and a 15.9 billion TL capital injection.

  2. 21 days ago

    [BUSINESS] 8 sources
    CarrefourSA sold to Turkey's A101 in $325 million deal

    Carrefour sold its Turkish arm CarrefourSA to A101 for $325 million, with financing from the EBRD and FMO; stores keep the Carrefour brand temporarily while the new owners aim to improve finances and expand the

  3. 23 days ago

    [BUSINESS] 3 sources
    CarrefourSA shares transferred to A101’s Yeni Mağazacılık, forming large Turkish retailer

    CarrefourSA’s 89.28% stake was transferred to A101’s parent Yeni Mağazacılık, creating a large Turkish retailer with a combined market share of about 9.6% in organized food retail.

  4. 26 days ago

    [BUSINESS] 23 sources
    CarrefourSA shares transferred to Aydın Grup's Yeni Mağazacılık

    CarrefourSA’s 89.28 % stake was transferred to Aydın Grup’s Yeni Mağazacılık, with full legal approval. Hatice Evren becomes CEO; CarrefourSA and A101 will stay separate under the group, which runs 1,237 stores

Sources

benguturk.com · borsagundem.com · corumhaber.net · cumhuriyet.com.tr · dailybusiness.ro · dunya.com · ekonomist.com.tr · ekz.ch · eskisehir.net · europesays.com · explorandobrasil.com · f5haber.com · gazetedamga.com.tr · gazeteilksayfa.com · gzt.com · haber7.com · halktv.com.tr · lacrosseacademy.com · mersinhaber.com · milligazete.com.tr · odatv.com · odatv4.com · onedio.com · paratic.com · planestrainstrains.com · sallinggroup.com · sesgazetesi.com.tr · skor.sozcu.com.tr · turgutluyanki.com · welt-format.ch · yenicaggazetesi.com.tr

This summary has been updated 2 times: see revision history