MASSY, France--(BUSINESS WIRE)--Regulatory News:
China’s State Administration for Market Regulation has given on August 26th 2019, the Suning.com group its agreement to buy an 80% stake in Carrefour China.
Following this decision, the closing of the transaction is expected by the end of September 2019.
With a multiformat network of more than 12,000 stores in over 30 countries, Carrefour Group is one of the world's leading food retailers. Carrefour serves 105 million customers worldwide and posted sales of 84.9 billion euros in 2018. The Group has more than 360,000 employees who contribute to making Carrefour the world leader in the food transition for all, offering quality food every day, accessible everywhere and at a reasonable price.
For more information, visit www.carrefour.com, Twitter (@CarrefourGroup) and LinkedIn (Carrefour).