Carrefour checks out of Indonesia

Carrefour, the second biggest retailer in the world is getting out of Indonesia. It is selling its 60% stake in Carrefour Indonesia to its partner there, CT Corp. The deal, worth more than half a billion euros, will be finalised early next year.
The French retailer is continuing to withdraw from Southeast Asia which accounts for only 8.9% of its turnover compared to more than 72% in Europe.