Carrefour is reportedly close to a deal over the potential acquisition of a stake in Indonesian retailer Alfa Retailindo.

The French retail giant has signed an initial agreement to buy a 75% stake in Alfa and is hopeful for a deal by the end of the year, according to a report from the Thomson Financial news agency.

"We have just signed a memorandum of understanding for the stake purchase. We hope an agreement can be reached over the next few days," a spokesperson for Carrefour Indonesia told the agency.

According to reports, Carrefour is looking to buy shares from Alfa investors Sigmantara Alfindo and Prime Horizon.

Officials at Carrefour in Paris declined to comment when contacted by just-food today (19 December).