Carrefour Sells Its Operations in Malaysia to Japan's Aeon

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.

01 Nov 2012 --- Carrefour announces the sale of its operations in Malaysia for an enterprise value of EUR 250 million to Aeon, a major player in Japan’s retail sector.

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.

Present in Malaysia since 1994, Carrefour is the fourth-largest retailer in the country with 26 hypermarkets, representing net sales of € 400 million (over a 12-month period to June 30, 2012).

Established since 1984 in Malaysia with 29 stores, Aeon is acquiring a leading position in this market, which should enable it to continue the successful development of our business in Malaysia, as it has done previously in Japan.