Carrefour Rallies on Colombian Sale as Buyer Cencosud Slumps

Carrefour SA rose in Paris while Cencosud SA slumped the most in more than a year in Santiago after the French company agreed to sell its Colombian stores to the Chilean retailer for 2 billion euros ($2.6 billion).

Carrefour shares rose 5.9 percent to 18.36 euros at the close of trading in Paris, the steepest advance since Aug. 30. Cencosud slid 6.2 percent, the most since August 2011, after announcing plans to sell $2.5 billion of new stock and bonds.