Carrefour Aims For Growth In $2.6B Colombian Biz Sale

Law360, New York (October 19, 2012, 2:21 PM EDT) -- French retail giant Carrefour SA will sell its Colombian operations to Chilean retailer Cencosud SA in a €2 billion ($2.6 billion) deal aimed at revamping Carrefour's growth strategy, the companies announced Thursday. 

Carrefour, which is streamlining its assets to focus on its key money-making markets, will transfer 92 stores — 72 hypermarket stores, 16 convenience stores, and four cash-and-carry stores and gas stations to Cencosud, which is poised to become Colombia's second-largest supermarket operator due to the Carrefour deal, according to statements issued by both companies....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.