date:Nov 22, 2012
Continuing its strategy of refocusing on its core activities, Carrefour Group announces today the sale of its 60% stake in Carrefour Indonesia to its local partner, CT Corp, which thus becomes Carrefour's exclusive franchisee in the country. The transaction is valued at 525 million.
Present in Indonesia since 1998, Carrefour is the third-largest retailer in the country with 84 outlets (including 70 hypermarkets) and net sales of 1 billion in 2011. Following the partnership agreement concluded i