COLOMBIA: Carrefour sells Colombian ops to Cencosud
The company said that the transaction was "in line" with its strategy to focus on geographies in which it "holds or aims to develop a leading position".
Carrefour operates 72 hypermarkets, 16 convenience stores and four cash and carry outlets in the country, representing net sales excluding fuel of EUR1.5bn.
The transaction should be effective by the end of 2012, the company said.
On Thursday, two of the world's largest food retailers will report their 2012 financial results and, more importantly, try to convince investors their moves to improve their operations in key markets ...
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