Carrefour buys Plus Supermercados

Paris: Carrefour has acquired German company Tengelmann's Spanish hard discount operation Plus Supermercados for €200m (£134m). Tengelmann operates 250 Plus Supermercados in Spain and recorded net sales of €437m (£294m) in the year to April 2007. The deal includes 58 projects for future stores, Carrefour said, and would reinforce the position of its Dia fascia as the market leader in Spain's hard discount segment.