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French retailers Carrefour and Promodes chairmen, Daniel Bernard (L) and Paul-Louis Halley (R), shak.., 1999-08-30...

IMAGE number
REU7520993
Image title
French retailers Carrefour and Promodes chairmen, Daniel Bernard (L) and Paul-Louis Halley (R), shak.., 1999-08-30 (photo)
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Photographer
Christine Grunnet
Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-08-30
Image description

French retailers Carrefour and Promodes chairmen, Daniel Bernard (L) and Paul-Louis Halley (R), shake hands for photographers at the start of a press conference held to announce August 30 a merger to form the world's second-largest shopping chain. Carrefour is offering six shares for one share in Promodes in a friendly takeover offer unanimously approved by the Promodes board, said a joint statement. Carrefour chairman Daniel Bernard will head the new retail group and ask the board to create a strategy committee which would be run by Promodes head Paul-Louis Halley.

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REUTERS/Christine Grunnet / Bridgeman Images
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