date:May 24, 2013
Carrefour has agreed to sell its remaining 25-percent stake in a Middle East joint venture to local partner Majid Al Futtaim (MAF) for 530 million Euro ($682.45 million), MAF said in a statement on Wednesday.
Majid Al Futtaim Hypermarkets, the venture set up in 1995, operates 50 hypermarkets and 44 supermarkets under the Carrefour name in the Middle East, North Africa and Central Asia.
Majid Al Futtaim... will keep and strengthen the strategic partnership with Carrefour in new countries and ne