date:Nov 22, 2012
n April 2010, Carrefour owned 60% of Carrefour Indonesia and CT Corp owned the remaining 40%.
Under the agreement signed today, CT Corp takes full control of these activities and becomes Carrefours exclusive franchisee in Indonesia. Carrefour expresses its full confidence in CT Corps ability to continue to successfully develop the brand and strengthen its position in the Indonesian market.
The closing of the transaction will take place in January 2013, subject to the approval of the Indonesian