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June 28, 2017

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Carrefour sells off stores in Malaysia to Japan's Aeon for 250 million euros

PARIS -- French retail giant Carrefour said Wednesday it had sold its network of stores in Malaysia to Japan's Aeon for an enterprise value of 250 million euros (US$324 million).

"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," the French retailer said in a statement.

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