19/09/2012 10:42:00

Trans Retail Mulls Stake Increase in Carrefour Indonesia to 100% - Official

By Linda Silaen

JAKARTA--Unlisted retailer PT Trans Retail is considering to increase its shareholding in retailer PT Carrefour Indonesia to 100% from 40% at present, Trans Retail President Commissioner Chairul Tanjung told Dow Jones Newswires Wednesday.

"We are in talks now (with Carrefour Indonesia's shareholders)... Hopefully, we can announce something next month," Mr. Tanjung said.

He didn't provide any other details.

In 2010, Trans Retail bought a 40% stake in Carrefour Indonesia for $300 million.

At present, Carrefour Indonesia is 39% owned by French-based Carrefour S.A., 9.5% by Carrefour Nederland B.V. and 11.5% by Onesia B.V.

Due to falling sales, Carrefour pulled out of Greece in July and is expected to close down stores in Singapore later this year. It has said it plans to shut more stores in Indonesia and Malaysia.

Officials at Carrefour weren't immediately reachable for comment.

Write to Linda Silaen at edhi.pranasidhi@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

September 19, 2012 05:42 ET (09:42 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
15 Apr
GEN
Beklager Drama .. jeg orker simpelthen ikke dit barnlige og løgnagtige pjat. Men at starte en ny trå..
19
18 Apr
VWS
Der har ikke været skrevet meget om hvad det nye MHI Vestas JV vil i Kina. Det har været nævnt kort ..
14
16 Apr
TOPO
Jeg ser et par forskellige dynamikker udspille sig:   1) Hvad er fusionspartneren, Bioalliance, reel..
14
13 Apr
OMXCPI
Ja, risiko for borgerkrig i Ukraine. Sådan går det med stater, der mangler sammenhængskraft og hvor ..
13
14 Apr
VELO
Det er ikke en gåde. På mødet i marts fik Veloxis de obligatoriske 180 dages spørgsmål. I det sekund..
10
16 Apr
VWS
Vestas får jo ordrer på 13-14% af alle verden vindmølleprojekter, så alene derfor kan det jo ikke væ..
9
17 Apr
YHOO
Yahoo! har mildest talt levet en omtumlet tilværelse. Selskabet har slet ikke formået at udnytte sin..
8
14 Apr
 
Bølgerne har tidligere herinde gået højt om det efter nogles menings ligegyldige (worst case: ødelæg..
8
14 Apr
FING-B
Sæt Jer nu ind i sagen - både din kone + dig selv, XO / keep-it../div. nicks.   Dagens udmelding fal..
8
18 Apr
VWS
Den overvejelse vil jeg i bedste fald kalde irrelevant. For det første er længder af kyststrækninger..
7

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
No data found.
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
20 April 2014 18:09:09
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20140324.1 - EUROWEB6 - 2014-04-20 19:09:09 - 2014-04-20 18:09:09 - 1000 - Website: OKAY