Carrefour Shares Rise on Sale of Loss-Making Italian Business
Shares in Carrefour rose after the French grocer said it would sell its loss-making Italian business, and posted first-half sales that beat market views.
The company said late Thursday that it would sell its operations in Italy to European food and drink conglomerate NewPrinces Group as part of the strategic review it launched at the start of the year. Carrefour Italy reported a loss of 67 million euros ($78.7 million) last year, it said.
Carrefour said the deal, which will result in...
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