date:Dec 17, 2013
cess with a drive to revamp stores, improve price competitiveness and cut costs. He said on Monday the rental income from the newly created property firm would help to fund further improvements.
Under the deal, Carrefour and a number of unidentified institutional investors will buy the shopping malls in France, Spain and Italy from real estate group Klepierre for 2 billion euros ($2.8 billion).
Carrefour will only pay 100 million euros in cash, but will contribute 45 of its malls in France wor