White & Case advises Galfa on Carrefour’s €365 million share buyback

Press Release
1 min read

Global law firm White & Case LLP has advised Galfa, a subsidiary of Motier, on Carrefour's €365 million reacquisition of 25 million shares, representing around 3.5 percent of its share capital.

The deal is part of Carrefour's €700 million share buyback programme in 2024. Following the transaction, Galfa's stake in Carrefour will represent 10.53 percent of its capital and 14.56 percent of its voting rights (including options).

The shares will be delivered after the annual dividend is paid to Galfa, following Carrefour's Annual General Meeting on May 24, 2024.

The White & Case team in Paris which advised on the transaction was led by partner Séverin Robillard and included associate Boris Kreiss.

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