Carrefour partners with CFAO to develop its banner in 8 African countries

PR Newswire/Les Echos/ 
May 29, 2013  


                                   PRESS RELEASE 
    Carrefour partners with CFAO to develop its banner through various store 
                       formats in eight African countries 

Carrefour and CFAO announced today the signature of a memorandum of
understanding to form a joint venture that will be owned at 55% by CFAO and 45%
by Carrefour. This venture will benefit from exclusive distribution rights to
develop various store formats in eight countries in West and Central Africa:
Cameroon, Congo, Côte d'Ivoire, the Democratic Republic of the Congo, Gabon,
Ghana, Nigeria and Senegal. 

As the world's second-largest retailer with a presence in over 30 countries,
Carrefour will contribute its expertise as a multi-format retailer as well as
the strength of its banner. CFAO, with its longstanding local presence in
Africa, will bring its thorough knowledge of these markets and a deep
understanding of consumer habits to the venture. 

About Carrefour 
The Carrefour Group is a multilocal retailer the second worldwide and the
largest in Europe, with more than 364.900 employees all over the world and more
than 10,000 stores under banner in more than 30 countries. 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.  For more information please visit our website: 
www.carrefour.com 

About CFAO 
CFAO is the foremost specialized retail brand in its main business areas -
vehicle and pharmaceuticals distribution - in Africa and the French overseas
territories. In Africa, CFAO also distributes equipment, produces and
distributes consumer goods and is a provider of a number of technology-related
services. CFAO is present in 37 countries, 32 of which are in Africa and seven
in the French overseas territories, and had a headcount of 11,400 at end-2012.

In 2012, CFAO generated consolidated revenue of EUR3,585 million and recorded
recurring operating income of EUR290.3 million. 
CFAO is listed on NYSE Euronext in Paris and is now a 97.8%-owned subsidiary of
TTC (Japan). 
Find CFAO on Bloomberg: CFAO: FP and Reuters: CFAO.PA 
To find out more, go to www.cfaogroup.com 

Carrefour contacts 
Group Communication:                                Tel: +33 (0) 1 41 04 26 17
Investor relations:                                 Tel: +33 (0) 1 41 04 26 00


Contacts CFAO 
Laurence Tovi, Director of Communications:          Tel: +33 (0) 1 46 23 58 80

Sébastien Desarbres, Vice President 
Financial Communications and Investor Relations:    Tel: +33 (0) 1 46 23 56 51


                  
The content and accuracy of news releases published on this site and/or 
distributed by PR Newswire or its partners are the sole responsibility of the 
originating company or organisation. Whilst every effort is made to ensure the 
accuracy of our services, such releases are not actively monitored or reviewed 
by PR Newswire or its partners and under no circumstances shall PR Newswire or 
its partners be liable for any loss or damage resulting from the use of such 
information. All information should be checked prior to publication. 
-0- May/30/2013 07:34 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.