WWD.com/retail-news/mass-off-price/carrefour-sells-stake-in-indonesian-venture-6496064

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November 20, 2012

Carrefour Sells Stake in Indonesian Venture

The retailer said it has sold its 60 percent stake in Carrefour Indonesia to its local partner.

By Joelle Diderich

mass-off-price/news

PARIS — Carrefour SA said it has sold its 60 percent stake in Carrefour Indonesia to its local partner, CT Corp, for 525 million euros, or $679 million at current exchange.

Carrefour Sells Stake in Indonesian Venture

The retailer said it has sold its 60 percent stake in Carrefour Indonesia to its local partner.

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