- RETAIL SECTOR : Malaysia , Aeon is acquiring a leading position after closing transaction with Carrefour

France :  PRESS RELEASE
Carrefour sells its operations in Malaysia to Japan's
Aeon  for an enterprise value of €250 million

Carrefour announces today the sale of its operations in Malaysia for an enterprise
value of €250 million to Aeon, a  major player in Japan’s retail sector.

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 growth potential.

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.

Source  Malaysia - Carrefour Group