French retailer Carrefour has said it will increase its stake in Carrefour Colombia to 100% from 55% for an undisclosed sum.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

A 45% stake in Carrefour Colombia currently owned by Valores Bavaria and Sigla groups will be transferred to Carrefour by the end of June, reported Reuters.

Carrefour entered Colombia in 1998 and now operates nine hypermarkets across the country with net sales of €267m (US$313.5m) for 2002. The company plans to open two or three new hypermarkets in Colombia in 2003.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now