Finance

Germany's Aurelius interested in buying Carrefour's Belgian unit, L'Echo reports

Published by Global Banking & Finance Review

Posted on March 25, 2026

2 min read

· Last updated: April 1, 2026

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Germany's Aurelius interested in buying Carrefour's Belgian unit, L'Echo reports
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BRUSSELS, March 25 (Reuters) - German private equity fund Aurelius is interested in buying the Belgian unit of French retailer Carrefour, Brussels-based L'Echo newspaper reported on Wednesday, citing

Carrefour reaffirms commitment to Belgium business after media report of sale talks

Carrefour's Position on Belgian Operations

Media Reports on Potential Sale

BRUSSELS, March 25 (Reuters) - French retailer Carrefour said on Wednesday it was fully committed to developing its activities in Belgium after Brussels-based L'Echo newspaper reported German private equity fund Aurelius was interested in buying the retailer's Belgian unit.

Carrefour's Official Statement

"As announced during the presentation of the Carrefour 2030 strategic plan, the portfolio review is now complete," the retailer said in a statement.

"Recent results in Belgium confirm the progress made and the positive momentum. Carrefour therefore remains fully committed to developing its business in Belgium over the long term."

Market Context and Other Interested Parties

Potential Buyers and Industry Interest

L'Echo reported earlier on Wednesday that other potential buyers were lining up, but not many, it added, citing unidentified sources.

Carrefour's Strategic Focus

Recent Divestments

Carrefour, which has recently announced the sale of its Italian and Romanian units, last month said it would focus on its three main markets: France, Spain and Brazil.

Response from Aurelius

Aurelius declined to comment.

Additional Information

($1 = 0.8622 euros)

(Reporting by Inti Landauro and Helen Reid; Editing by Louise Heavens and Tomasz Janowski)

Key Takeaways

  • Aurelius, specializing in mid‑market carve‑outs and operational turnarounds with over €800 million in its latest fund, could be a strategic bidder for Carrefour Belgium. (aurelius-group.com)
  • Carrefour Belgium earns close to €4 billion annually and has shown signs of financial recovery, returning to profit in 2024. (sales.superagi.com)
  • Carrefour Group is narrowing its focus to France, Spain, and Brazil following the completion of its Italian unit sale in December 2025 and recent Romanian divestment. (carrefour.com)

References

Frequently Asked Questions

Who is interested in buying Carrefour's Belgian unit?
German private equity fund Aurelius is interested in acquiring the Belgian unit of French retailer Carrefour.
What is the estimated annual revenue of Carrefour's Belgian unit?
Carrefour's Belgian unit reportedly has annual revenues close to 4 billion euros over the past few years.
Why is Carrefour selling its Belgian unit?
Carrefour is refocusing its business on its three main markets: France, Spain, and Brazil.
Have Carrefour and Aurelius commented on the possible deal?
Both Carrefour and Aurelius have not immediately responded to requests for comment regarding the potential acquisition.
Are there other potential buyers for Carrefour's Belgian unit?
L'Echo reports that other potential buyers are showing interest, but not many are in line.

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