Carrefour sells its operations in Malaysia to Japan's Aeon for an enterprise
value of €250 million
BOULOGNE-BILLANCOURT, France -- October 31, 2012
Carrefour (Paris:CA) announces today the sale of its operations in Malaysia
for an enterprise value of €250 million to Aeon, a major player in Japan’s
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
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.
The closing of the transaction is immediate and effective today.
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. The Group combines different store formats - hypermarkets,
supermarkets, convenience stores and cash & carry outlets - constantly
adapting to its customers’ consumption patterns, and offering the lowest
prices on a large range of products and services. With more than 3 billion
cash transactions per year, the Group, through its activities, has an
economic, social and environmental responsibility and is committed to the
quality of its products and the safety of its customers.
AEON Co., Ltd. is the largest retailer in Japan, operating 540 general
merchandise stores and 1,502 supermarkets in Japan, and 113 stores outside its
domestic market as of end of August 2012. The Company is engaged in a total of
12 business segments such as shopping center development business and
financial service business. Aeon counts over 350,000 employees worldwide
Tel: +33 (0) 1 41 04 26 17
Tel: +33 (0) 1 41 04 26 00
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