date:May 24, 2013
w formats, the company said in the statement.
MAF will keep its exclusive franchise partnership with Carrefour until 2025, allowing the company to operate under the French retailer's brand name in the region.
Carrefour sold 2.8 billion Euro ($3.60 billion) of assets last year, withdrawing from Greece, Colombia and Indonesia, to raise cash for investments and shore up its balance sheet.
It sold a 12 percent stake in another joint venture Carrefour SA in Turkey to its partner Sabanci Holding fo