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Carrefour Sells Chilean Hypermarkets

PARIS - Carrefour has sold its seven Chilean hypermarkets to Chilean retail group Distribution y Servicios (D&S) for euro 100 million ($126.6 million) because of competition and a lack of options for expansion, according to published reports.

Carrefour, Europe's largest food retailer, has been active in the Chilean market since 1998. The company said it isn't planning a complete withdrawal from Latin America, and that it would continue to pursue its multi-format expansion in the four remaining countries there in which it is established.
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