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

Alliance Trust PLC : Transaction in Own Shares

14/06/2017 07:00:13
14 June 2017  Alliance Trust PLC TRANSACTION IN OWN SHARES  The Board of Alliance Trust PLC ("the Company") announces that on 13 June 2017 the Company purchased for cancellation 209,000 ordinary shares of 2.5p each at a price of 708.0748p per share.  Therefore, the total number of voting rights in the Company is now 354,575,762.    The above figure (354,575,762) may be used by shareholder..

Majedie Asset Management Ltd : Form 8.3 - TESCO PLC

13/06/2017 15:20:46
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: ..

Quarterly Update for the Quarter to 30 April 2017

13/06/2017 12:50:10
13 June 2017 ICG Enterprise Trust Plc Quarterly Update For the quarter to 30 April 2017 Highlights Share price Total Return1 of 5.7% for the quarter and 39.9% for the 12 months to 30 April 2017 Net asset value per share Total Return1 of 0.6% for the quarter and 19.9% for the 12 months The Portfolio1 is valued at £54..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Agios Announces Updated Data from Fully Enrolled DRIVE PK Study Demonstrating AG-348’s Potential as the First Disease-modifying Treatment for Patients with Pyruvate Kinase Deficiency
2
New Data from Phase 1/2 Trial of Oral IDHIFA® (enasidenib) Demonstrate Durable Complete Responses in Patients with IDH2 Mutant Relapsed or Refractory AML
3
Survey finds U.S. mayors taking action on climate protection, and planning for more
4
Norway Royal Salmon ASA: Share-based incentive scheme - Mandatory notification of trade
5
MAYORS SAY: LOOK TO CITIES FOR INSPIRED LEADERSHIP AND REAL RESULTS IN THE FACE OF DEEP NATIONAL FRUSTRATION WITH WASHINGTON

Related stock quotes

Carrefour 22.01 0.7% Stock price increasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   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.
 
25 June 2017 09:46:20
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170623.1 - EUROWEB4 - 2017-06-25 10:46:20 - 2017-06-25 09:46:20 - 1000 - Website: OKAY