Carrefour acquire a 75% majority stake in PT. Alfa Retailindo Tbk

 

Carrefour Group has signed a Share Purchase Agreement on 21 January2 2008 with PT Sigmantara Alfindo and Prime Horizon Pte. Ltd. to acquire a 75% majority stake in PT Alfa Retailindo Tbk, (“Alfa Retailindo”) for a total equity consideration of IDR 674bn (€49.3m).

Alfa Retailindo, a listed company on the Jakarta Stock Exchange, is a major operator in Indonesia, operating 29 stores across the country (with sales area comprised between 1000m² and 4000m²), of which 13 are located in Jakarta. Alfa Retailindo reported net sales in 2006 of IDR 3624bn (€265m).

With this acquisition, Carrefour Indonesia consolidates its position as a leading
food retailer in the country. This acquisition forms part of Carrefour’s strategy to reinforce its presence in key growth markets through a locally adapted multi format approach. Carrefour’s operations in Indonesia today consist of 37 hypermarkets (vs. 29 hypermarkets in 2006). Carrefour in Indonesia recorded €627m sales in 2006, and sales were up 14.4% over the first nine months of 2007.

One thought on “Carrefour acquire a 75% majority stake in PT. Alfa Retailindo Tbk

  1. Bisa dibuatkan satu bahasan atau satu judul atau materi atau informasi update ttg training di dunia retail,contoh mengenai product knowledge retail, category management, lost prevention dll.

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