Finance
Newprinces open to further acquisitions after Carrefour's Italian business
Published by Global Banking and Finance Review
Posted on July 25, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 25, 2025
2 min readLast updated: January 22, 2026
Newprinces plans more acquisitions after buying Carrefour's Italian business, including 420 million euros in real estate assets, while maintaining a London listing plan.
MILANO (Reuters) -Italian food and beverage manufacturer Newprinces said on Friday it would consider other acquisitions, if the opportunity arises, after buying Carrefour's loss-making business in Italy.
"The M&A market is not something that you can control... If we find an interesting opportunity we will try to get it", Newprinces finance Fabio Fazzari said in a conference call.
The Carrefour Italia deal won't change Newprinces plans for a potential public listing of its manufacturing unit on the London bourse, since the new assets will be put under a different division, Fazzari added.
Newprinces said on Thursday evening that it clinched an agreement to buy Carrefour Italia, the Italian unit of Europe's biggest food retailer, for an equity value of 1 euro ($1.17).
Under the deal, which also includes 420 million euros of real estate assets according to a slide presentation during the conference call, the enterprise value has been set at 1 billion euros.
Newprinces shares were down 11.5% on the Milan stock exchange, hit by worries about the group's leverage after the recent acquisitions, according to a trader.
Newprinces agreed this month to buy Kraft Heinz's Italian infant and speciality businesses, including the Plasmon, Nipiol and Aproten brands, and in June signed a deal to purchase Diageo's operations in Italy.
($1 = 0.8527 euros)
(Reporting by Elisa Anzolin, editing by Alvise Armellini)
Newprinces recently acquired Carrefour Italia, the Italian unit of Europe's largest food retailer, for an equity value of 1 euro.
The Carrefour Italia acquisition will not change Newprinces' plans for a potential public listing of its manufacturing unit on the London bourse, as the new assets will be placed under a different division.
The enterprise value of the Carrefour Italia deal has been set at 1 billion euros, which includes 420 million euros of real estate assets.
Traders expressed concerns about Newprinces' leverage following the recent acquisitions, which resulted in a decline of 11.5% in their shares on the Milan stock exchange.
In addition to Carrefour Italia, Newprinces agreed to buy Kraft Heinz's Italian infant and specialty businesses and signed a deal to purchase Diageo's operations earlier this year.
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