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Carrefour SA and CFAO SA Form 45/55 Joint Venture to Develop Its Banner in Eight African Countries


Wednesday, 29 May 2013 11:45am EDT 

Carrefour SA and CFAO SA announced the signature of a memorandum of understanding to form a joint venture that will be owned at 55% by CFAO SA and 45% by Carrefour SA. This venture will benefit from exclusive distribution rights to develop various store formats in eight countries in West and Central Africa: Cameroon, Congo, Ivory Coast, the Democratic Republic of the Congo, Gabon, Ghana, Nigeria and Senegal. 

Company Quote

25.465
-0.315 -1.22%
15 Sep 2014