Carrefour becomes minority holder of Turkish business
PARIS, April 30
PARIS, April 30 (Reuters) - Carrefour, Europe's largest retailer, said on Tuesday it was selling a 12 percent stake in Turkish venture CarrefourSA to joint venture partner Sabanci Holding for 60 million euros ($79 million).
After the deal, expected to close by July, Sabanci will become majority shareholder with a 50.8 percent stake while Carrefour will retain a 46.2 percent stake, the statement said.
($1 = 0.7585 euros) (Reporting by Dominique Vidalon; Editing by Elena Berton)
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