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Carrefour sells Columbian biz to Chilean firm Cencosud
22
Oct '12
Carrefour announces the signing of an agreement with the Chilean group Cencosud for the sale of its operations in Colombia for an enterprise value of € 2.0 billion. This transaction is in line with Carrefour’s new strategy of focusing on geographies and countries in which it holds or aims to develop a leading position.

Present in Colombia since 1998, Carrefour operates 72 hypermarkets, 16 convenience stores and 4 cash and carry stores in the country, representing net sales excluding petrol of € 1.5 billion (over a 12-month period to June 30, 2012).

Carrefour expresses on this occasion its great confidence in Cencosud, which is a leading player in South America and with whom Carrefour shares the same values.

Cencosud is a leading retailer in Latin America, with operations in Chile, Brazil, Peru, Argentina as well as Colombia since 2007.  Cencosud has built a strong position in food retail, but also in DIY, department stores, shopping malls and financial services.

The transaction should be effective by the end of 2012.

The Carrefour Group is the largest retailer in Europe, and the second largest worldwide, with more than 9,900 stores under banner in 30 countries and 412,000 employees. For over fifty years, Carrefour has been a partner in the day-to-day lives of more than 25 million customers in Europe, Asia and Latin America.

Carrefour

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