Carrefour sells stake in China-based business

Date : 24 June 2019
France-based Carrefour has signed an agreement to sell an 80% stake in its China-based operations to Suning.com. The deal will see Suning pay Carrefour €620.0m in cash, valuing Carrefour China at an enterprise value of €1.4bn. Carrefour may exit China completely The transaction is expected to…
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