Core Viewpoint - Carrefour is in exclusive negotiations to sell its entire Romanian operations to Paval Holding for an enterprise value of €823 million ($976.02 million), as part of a strategic review initiated in 2025 [1][2][3] Group 1: Transaction Details - The sale is subject to customary regulatory approvals and is expected to be completed in the second half of 2026 [2] - Carrefour Romania operates 478 outlets, including 55 hypermarkets, 191 supermarkets, 202 convenience stores, and 30 discount locations, generating gross sales of €3.2 billion in both 2024 and 2025 estimates, which accounts for approximately 3.5% of Carrefour's total group sales [2] Group 2: Strategic Context - Carrefour's chairman and CEO, Alexandre Bompard, stated that the sale reflects the progress of the portfolio review initiated in 2025, following significant transactions such as the buyout of minority interests in Carrefour Brazil and the sale of Carrefour Italy [3] - The divestment contrasts with Carrefour's recent expansion efforts through franchising, including plans to enter the Ethiopian market via a franchise agreement [4][5] Group 3: Sustainability Initiatives - Carrefour is also introducing environmental impact labeling on selected garments from its own-brand Tex clothing range, aligning with rising regulatory and consumer expectations for sustainable fashion and retail transparency [5]