[mind Retail Exclusive] Carrefour disengages from Africa

According to our sources, Carrefour is progressively withdrawing from Africa, which began in 2013 with the creation of a joint venture between CFAO (55%) and itself (45%). In recent years, the retailer has gradually diluted its stake. “At each capital increase, Carrefour has followed less and less, particularly since 2019,” a source close to the matter told mind Retail: from 45%, they have now dropped to 5% in the joint venture, with its partner CFAO still controlling the remaining 95%....