Carrefour in buy-out talks

FRENCH retailer Guyenne et Gascogne said yesterday it was in talks with Carrefour that include expanding equity ties, and that it may receive a proposal soon.

Guyenne et Gascogne chairman Bertrand de Montesquiou confirmed the talks after Le Figaro newspaper said Carrefour was considering buying its largest franchisee, and paying for it with Carrefour shares.

“Everything is possible. We are open to a proposal,” he said.