Carrefour acquires 3 minoty stakes in China

Carrefour has signed an agreement to acquire minority stakes held by its partner PRESIDENT, based in Taiwan, in three companies already controlled by Carrefour. As a result, Carrefour will own 100% of the capital of its subsidiary Guangzhou (vs. 80% previously), 100% of Tianjin Jiafu (vs. 55% previously) and 65% of Chongqing (vs. 55% previously). These companies respectively operate 5, 2 and 7 hypermarkets in mainland China.

Download the release of the 06 24 2011 (pdf 118.09 KB)

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