19/09/2012 10:42:00

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

Related content

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
Ingen indlæg

Regulatory news

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Sundance Energy Australia Limited Announces Acquisition of Eagle Ford Assets, Equity Raise and Debt Refinancing
2
Kirkland Lake Gold Expands New High-Grade Zone Below Taylor Mine, Reports Mineralized Extensions Along Strike and at Depth: Updated
3
Cenovus reports voting results of election of Directors
4
Gfi Informatique launches its friendly tender offer over Realdolmen today
5
Cameo Resources Corp. To Acquire Labrador Staghorn Lake Cobalt Project Situated North of Voisey’s Bay

Related stock quotes

Carrefour 17.06 3.0% Stock price increasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
27 April 2018 00:02:53
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20180423.5 - EUROWEB6 - 2018-04-27 01:02:53 - 2018-04-27 00:02:53 - 1000 - Website: OKAY