TOKYO, Oct 26 Japanese tradesman Aeon Co is set to take France-based Carrefour SAs Malaysian commercial operation for somewhat some-more than 20 billion yen (RM775 million) as part of a pull in to Southeast Asia, a Nikkei said.
The deal, that is expected to be completed by subsequent week, will have Aeon, Japans No.1 supermarket operator, a single of a greatest retailers in Malaysia, a commercial operation daily reported.
Carrefour, a worlds No. 2 retailer, has been struggling to come up with money to cut debt as well as fund a reconstruction of a struggling European hypermarkets.
The company pronounced in August it would shut a dual stores in Singapore by a finish of this year.
Carrefour done a announcement dual years after it unsuccessfully tried to sell a operations in Singapore as well as Malaysia.
Aeon, that has overseas operations in mainland China, Hong Kong as well as Thailand, plans to open stores in Indonesia, Vietnam as well as Cambodia, Nikkei said. Reuters
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