Finance
Germany's Aurelius Interested in Buying Carrefour's Belgian Unit, L'Echo Reports
Published by Global Banking & Finance Review®
Posted on March 25, 2026
1 min readLast updated: March 25, 2026
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German private equity firm Aurelius is reportedly eyeing Carrefour’s Belgian unit, which generates around €4 billion in annual revenue. Carrefour continues rationalizing its global footprint, focusing on core markets—France, Spain, Brazil—after divesting its Italian and Romanian operations.
Germany's Aurelius interested in buying Carrefour's Belgian unit, L'Echo reports
Potential Acquisition of Carrefour's Belgian Unit
Interest from Aurelius and Other Buyers
BRUSSELS, March 25 (Reuters) - German private equity fund Aurelius is interested in buying the Belgian unit of French retailer Carrefour, Brussels-based L'Echo newspaper reported on Wednesday, citing unidentified sources.
Other potential buyers are lining up, L'Echo said, but not many, it added, citing unidentified sources.
Financial Overview of Carrefour Belgium
Carrefour's annual revenues were close to 4 billion euros ($4.64 billion) over the past few years, the newspaper said.
Carrefour's Strategic Focus
Carrefour, which has recently announced the sale of its Italian and Romanian units, last month said it would focus on its three main markets France, Spain and Brazil.
Responses from Involved Parties
Carrefour did not immediately respond to requests for comment. Aurelius declined to comment.
Additional Information
($1 = 0.8622 euros)
(Reporting by Inti Landauro and Helen Reid; Editing by Louise Heavens)
Key Takeaways
- •Aurelius, specializing in mid‑market carve‑outs and operational turnarounds with over €800 million in its latest fund, could be a strategic bidder for Carrefour Belgium. (aurelius-group.com)
- •Carrefour Belgium earns close to €4 billion annually and has shown signs of financial recovery, returning to profit in 2024. (sales.superagi.com)
- •Carrefour Group is narrowing its focus to France, Spain, and Brazil following the completion of its Italian unit sale in December 2025 and recent Romanian divestment. (carrefour.com)
References
Frequently Asked Questions about Germany's Aurelius interested in buying Carrefour's Belgian unit, L'Echo reports
1Who is interested in buying Carrefour's Belgian unit?
German private equity fund Aurelius is interested in acquiring the Belgian unit of French retailer Carrefour.
2What is the estimated annual revenue of Carrefour's Belgian unit?
Carrefour's Belgian unit reportedly has annual revenues close to 4 billion euros over the past few years.
3Why is Carrefour selling its Belgian unit?
Carrefour is refocusing its business on its three main markets: France, Spain, and Brazil.
4Have Carrefour and Aurelius commented on the possible deal?
Both Carrefour and Aurelius have not immediately responded to requests for comment regarding the potential acquisition.
5Are there other potential buyers for Carrefour's Belgian unit?
L'Echo reports that other potential buyers are showing interest, but not many are in line.
