date:Mar 07, 2013
ur has also been exiting non-core countries. It has so far raised 2.8 billion euros from selling units in Indonesia, Colombia and Malaysia.
This strategy, similar to actions taken by European peers such as Tesco and Germany's Metro AG which have curtailed international expansion to revive domestic sales, allowed Carrefour to reduce net debt by 2.6 billion euros to 4.32 billion at end-2012.
Capital gains from asset sales reached 1.081 billion euros last year, lifting net profit to 1.233 billion