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By Praveen Menon and Dinesh Nair DUBAI (Reuters) - Carrefour , Europe`s largest retailer, agreed to sell its remaining 25-percent stake in a Middle East joint venture to local partner Majid Al Futtaim (MAF) for 530 million euros ($682.45 million), MAF said in a statement on Wednesday. Majid Al Futtaim Hypermarkets, the venture set up in 1995, operates 50 hypermarkets and 44 supermarkets under the Carrefour name in the Middle East, North Africa and Central Asia. `Majid Al Futtaim... ...
Wednesday, May 22, 2013 19:03 |
