November 20, 2012 / 6:56 AM / 5 years ago

Carrefour sells control of Indonesia unit

PARIS, Nov 20 (Reuters) - Carrefour said on Tuesday it had agreed to sell its 60 percent controlling stake in its Indonesian supermarket operations to closely held CT Corp for 525 million euros ($672.78 million).

The sale is the latest in a series of moves by Europe’s largest retailer to retreat from secondary markets as it seeks to cut debt and refocus on its core operations. ($1 = 0.7803 euros) (Reporting By Christian Plumb)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below