PARIS — French retailer Carrefour SA has requested the delisting of Guyenne et Gascogne following its acquisition of the French operator, France’s stock market authority AMF said in a filing.
Trading in shares of Guyenne et Gascogne has been suspended pending the delisting, scheduled to take place on June 13. As of June 4, Carrefour held 96.6 percent of shares and 96.4 percent of voting rights in Guyenne et Gascogne, which operates Carrefour hypermarkets and supermarkets in southwestern France.
Carrefour will pay its original bid price of 74.25 euros, or $92.82 at current exchange, per share for 217,358 outstanding shares in Guyenne et Gascogne that were not tendered into the offer.
Carrefour — the world’s second-largest retailer behind Wal-Mart Stores Inc. — has been a partner with Guyenne et Gascogne since 1966.
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Guyenne et Gascogne operates six Carrefour hypermarkets and 28 Carrefour Market supermarkets. The company generated 2010 gross sales of 604 million euros, or $802.1 million at average exchange rate for the period.