French retail giant Carrefour has said that it has received two credit lines worth a total of €2.5bn (US$2.7bn) from a syndicate of five banks.

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Carrefour said it would use the credit for normal cash-flow purposes, reported Reuters.

One credit line is worth €1.5bn over a five-year period, while the other its worth €1bn over a one-year period.

The retailer said the five banks that are providing the credits are Societe Generale, Deutsche Bank, Credit Agricole, HSBC-CCF and BBVA.

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