Carrefour's sale of its Argentine operations has been put on hold because the presented offers did not meet expectations. This was communicated during the recent financial results presentation of the French retail chain which also outlined its strategic plans for 2026. The stagnation in negotiations is part of a broader pattern observed with several companies in Argentina, indicating a delay in the anticipated transactions that were expected to finalize sooner.

CEO Alexandre Bompard provided insights during an investor conference regarding the decision, explaining that the effort to find buyers for their 700 branches and banking operations in Argentina began in 2025. This search was initiated by the Paris headquarters when they enlisted Deutsche Bank to facilitate the sale process. The CEO's comments signal a cautious approach in handling asset divestitures amid a complex market landscape.

The hesitance in proceeding with the sale could imply significant implications for Carrefour's future strategy in Argentina. The company had hoped to streamline its operations and focus on core areas, but the failure to attract suitable offers suggests that economic conditions or market perceptions may not favor a quick exit. This situation mirrors other corporate sell-off processes in the region, highlighting a challenging environment for foreign investors looking to close deals in Argentina.