PARIS (Reuters) – Carrefour (EPA:), Europe’s largest meals retailer, doesn’t have to hyperlink up with one other group because it has the means for its growth, its Chairman and Chief Government stated on Friday.

“Carrefour doesn’t want consolidation. It has the technique of its improvement,” Alexandre Bompard informed the annual assembly of shareholders.

Bompard added that whereas Carrefour had been approached prior to now by rivals, “immediately, we’re not engaged on something,”

Bompard additionally reiterated on Friday a goal for Carrefour to generate free money stream above 1 billion euros in 2022.

Money is seen as key to Carrefour’s plans to step up digital commerce growth with out the additional monetary assets that will have been available if two deliberate tie-ups final 12 months had not failed – one with Canada’s Couche-Tard and one with France’s Auchan..