Carrefour sold a 60% stake in its Market Pay payments platform

Carrefour announces the disposal of a 60% stake in its Market Pay payments platform to AnaCap Financial Partners, a specialist investor in European financial services.

This all-cash transaction gets Market Pay at an enterprise value of c.300 million euros.

Developed by Carrefour teams since in 2016, Market Pay handles 1.3 billion transactions per year and manages 45.000 payment terminals and 5 million cards.

The platform experienced strong and continuous growth since its inception. In 2020, Market Pay expects to post net sales of over 30 million euros.

This transaction will result in the recognition of a capital gain of 245 million euros in the group’s accounts and is expected to close in the first half of 2021.

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