SINGAPORE, July 5 (Reuters) - Carrefour (CARR.PA) has launched the sale of units in Malaysia, Singapore and Thailand, sources with direct knowledge of the matter told Reuters, in a deal that could raise around $1 billion for the French retailer.Carrefour, the world's second-biggest retailer, has exited Japan and Korea over the years to focus on bigger and fast-growing markets such as India.
The French group, like many other retailers in Europe and the United States, has been struggling due to challenging economic conditions. Full Story
Related:
MALAYSIA/SINGAPORE/THAILAND: Carrefour may sell country operations - Just-food.com
Carrefour Said to Seek Buyers for Southeast Asia Units - BusinessWeek
Carrefour Seeks Buyers For Operations In Three Countries in Southeast Asia - Jakarta Globe
