KUALA LUMPUR: Carrefour, which is Malaysia's fourth-largest retailer with 26 hypermarkets, announced on Thursday it is selling its Malaysian operations to Japan's Aeon Co
. Ltd for an enterprise value of 250mil (RM990.19mil).
According to a statement posted on its website, it said 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".
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