French based supermarket chain Carrefour today (Thursday) announced that it has sold its assets in Mexico to food retailer Chedraui.
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The sale includes 29 hypermarkets plus two hypermarket projects due to open in 2005. Carrefour’s sales in Mexico in 2004 were €519m (US$698m). Chedraui is a leading Mexican food retailer, Carrefour said. It trades currently from 64 hypermarkets in the south of the country.
