Indonesia: PT Trans to increase Carrefour stake to 100%
"We are in talks now ... Hopefully, we can announce something next month," Mr. Tanjung said.
In 2010, Trans Retail bought a 40% stake in Carrefour Indonesia for $300 million.
At present, Carrefour Indonesia is 39% owned by French-based Carrefour S.A., 9.5% by Carrefour Nederland B.V. and 11.5% by Onesia B.V.
Due to falling sales, Carrefour pulled out of Greece in July and is expected to close down stores in Singapore later this year. It has said it plans to shut more stores in Indonesia and Malaysia.
Source: foxbusiness.com
