* Enterprise value 250 million euros
* Follows Colombia deal
* Divestitures in Indonesia, Turkey still on tap
* Carrefour cuts debt, refocuses on key markets
PARIS, Oct 31 Carrefour said on
Wednesday that it made final the sale of its operations in
Malaysia for an enterprise value -- including equity and debt --
of 250 million euros ($323.95 million) to Aeon, Japan's
No. 1 supermarket operator.
The sale -- effective on Wednesday - is the latest notched
up by recently installed chief executive, Georges Plassat, who
is seeking to refocus the world's No. 2 retailer on its key
markets and cut its debt after years of underperformance.
Carrefour is the fourth-largest retailer in Malaysia with 26
hypermarkets, which brought in 400 million euros in revenue in
the 12 months to June 30.
"The transaction is part of Carrefour's strategy of
refocusing on its core activities and allocating its resources
to mature countries where it occupies strong and established
positions and emerging markets where it has strong growth
potential," the company said in a statement.
Aeon, Japan's top supermarket operator, which began as a
Kimono store in the late 1700s, is looking for overseas profit
drivers as its business at home is hurt by a fall in consumer
spending, a shrinking population and persistent profit-sapping
Carrefour recently agreed to sell its stores in Colombia to
Chile's Cencosud for $2.6 billion.
It also plans to shut its Singapore unit by year-end and
pulled out of recession-hit Greece in July amid falling sales.
Plassat has made clear Carrefour will stay in Brazil and
China, but analysts expect disposals in Indonesia, Turkey,
Romania and Taiwan, with proceeds of between 1 billion and 3
The Malaysia unit sale talks were first reported by Reuters