Carrefour to make Chinese acquisition

 

29 July 2005 – Shanghai (CHN): Carrefour is to acquire Shanghai chain Nextmart in a deal worth about CNY200 million (USD24.1 million), according to reports in the Chinese press.

 

The purchase of Nextmart, which currently operates seven stores in China, would mark Carrefour’s first acquisition in China since it entered the market ten years ago.