Carrefour prepares sale of Romanian branch

Carrefour has not yet confirmed the news, but according to the French magazine l’Informé, the retailer has indeed decided to sell its operations in Romania, Retail Detail reports.

This comes as no great surprise. Earlier this year, the retailer announced a major review of its portfolio. In July, the group sold its Italian branch, which comprises around 1,200 stores, to NewPrinces Group. Investment bank JP Morgan is said to have been commissioned to sell the Polish operations, while Deutsche Bank is to prepare a sale of the Argentine operations.

In Romania, Carrefour reported similar sales growth of 0.2% in the third quarter this week. In the first nine months of the year, the retailer achieved sales of 2.2 billion euros, representing growth of 1.9%.