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Carrefour: completes sale of Cargo Property Assets

(CercleFinance.com) - Carrefour has said that it has finalised the sale of all of Cargo Property Assets' capital to Argan.


Carrefour said that it has received remuneration equivalent to 288 million euros, 80% of which is in cash and 20% in Argan shares, thereby taking around a 5% stake in Argan.

Under its Carrefour 2022 plan the group aims to divest 500 million euros of non-core real estate assets by 2020.


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