Deals
Xavier Niel SPAC Said to Weigh Bid for French Supermarket Chain
- 2MX Organic weighs possible deal for Grand Frais owner Prosol
- SPAC targeting increasing consumer demand for healthy produce
Xavier Niel
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
Billionaire Xavier Niel’s blank-check company is studying a potential takeover of Grand Frais, the network of fresh food supermarkets in France, people familiar with the matter said.
The special purpose acquisition company, known as 2MX Organic SA, is considering a purchase of Grand Frais’s parent company Prosol, the people said, asking not to be identified discussing confidential information. 2MX Organic last week raised 300 million euros ($364 million) on the Paris stock exchange to target deals in the market for sustainable consumer goods.