Carrefour Israel Files Draft Prospectus for Tel Aviv Stock Exchange Listing

Carrefour Israel, operated by Global Retail, has submitted a draft prospectus to the Israel Securities Authority, signaling a potential initial public offering (IPO) on the Tel Aviv Stock Exchange. The filing is based on the company's financial reports for the second quarter of 2026. Electra Consumer Products, which holds a 49.49% stake in France Israel Group, the parent company of Global Retail, is considering selling a portion of its shares in the subsidiary. This move is reportedly influenced by Israel's competition and concentration law. Electra Consumer Products emphasized that the filing does not constitute a public offer or a commitment to proceed with the IPO, and its completion remains uncertain. Details such as the IPO's scope, terms, structure, offering price, and timing are also not yet determined. Zvika Shveimer, CEO of Electra Consumer Products, stated that the draft prospectus submission is a "first step towards the possibility of Global Retail's IPO" and a "significant milestone in our strategic plan."