Carrefour sees more upside from Cora and Match acquisition

(Reuters) – Europe’s biggest food retailer Carrefour (EPA:) said on Monday it was expecting greater financial benefits from the acquisition of the Cora and Match retailers than previously.

Carrefour said it sees an additional contribution to earnings before interest, tax, depreciation and amortisation (EBITDA) of 130 million euros ($139.4 million) at an annualized rate by 2027, against 110 million euros originally.

($1 = 0.9326 euros)