ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 10:22 UAE time

YOUR DIRECTORY /

| Share |

Carrefour sells hypers in Portugal

by ArabianBusiness.com staff writer  on Friday, 10 August 2007

Carrefour has agreed to sell its hypermarket business in Portugal to Sonae for EUR662 million (USD888.2 million), according to Planet Retail.

In a statement, the group said the transaction does not include Carrefour's 416 Minipreço discount stores in Portugal. At the end ofJune 2007 Carrefour Portugal operated 12 hypermarkets and eight petrol stations under the Carrefour banner, generating 2006 sales excluding value added tax of EUR530 million (US$664.9 million).

advertisement

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST RETAIL

  1. Talks on to bring iTunes, Amazon services to UAE
  2. 52% consumers still pessimistic over 2010 - poll
  3. RTA to lease last batch of retail outlets on Red Line
  4. Bahrain opens its door to GCC traders
  5. Saudi Almarai eyes 50% of Egypt dairy market by 2013

TOP MIDDLE EAST BUSINESS STORIES

  1. Mideast business jets market seen growing 6% for 10 years
  2. Abu Dhabi firm in talks to build Iraqi homes mega project
  3. Oman Air increases free baggage allowance
  4. Kuwait eyes $8.7bn development projects
  5. Tokyo set to become Emirate’s 102nd destination

ALSO IN MIDDLE EAST RETAIL

  1. Jeweller closures ‘inevitable’ as gold demand slumps
  2. UAE grocery sales growth slumps in 2009
  3. Sunseeker ME announces regional expansion plans
  4. RTA to lease last batch of retail outlets on Red Line
  5. Scenting success

LATEST MIDDLE EAST BUSINESS NEWS

  1. Retail: Jeweller closures ‘inevitable’ as gold demand slumps
  2. Politics & Economics: Abu Dhabi eyes major growth in non-oil sector
  3. Travel & Hospitality: Oman Air increases free baggage allowance
  4. Construction & Industry: Abu Dhabi firm in talks to build Iraqi homes mega project
  5. Retail: UAE grocery sales growth slumps in 2009
From  Current Issue

SHARE PRICE CHECK

RELATED STORIES

Carrefour
| 53 stories
  1. Carrefour set to open 'anchor-store' in Abu Dhabi
    8 Feb '09 | News
  2. Card debut swipes Carrefour checkout
    24 Nov '08 | News
  3. Carrefour picked as key player for Sports City
    6 Nov '08 | News

 EMAIL ALERTS

  1. Carrefour

  2. Retail


Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. Why I h8 junk txts 09
    24 Nov ' 09 at 08:51
    It seems that not only are the duopoly bad at sending spam, but even worse are the estate agents who attack our e mail boxes non stop...   More  »
  2. Dubai developers see negative press reports decline 09
    24 Nov ' 09 at 07:48
    How much can one read/write abt one particular event. That’s the only reason the negative writing has gone down no one is interested...   More  »
  3. 'Worrying' diabetes tests raise doubt on UAE's health 04
    24 Nov ' 09 at 08:52
    It is high time for us to buy the shares in the Pharmaceutical Cos. which are manufacturing drugs for diabetic.It is not the education...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY