Carrefour to become leading Retailer in Belgium

AVERY, France (1 August 2000) — The French Carrefour Group has acquired GB, the leading food retailer in Belgium. Carrefour, which already owned 27.5% of the GB’s shares, bought the remaining shares for EUR670 million. GB comprises 60 hypermarkets, 73 supermarkets, 350 franchised supermarkets and seven convenience stores in Belgium and 27 supermarkets in Poland.