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Thursday, January 20, 2005

Hyperlo takes control of Carrefour Romanian JV

French retail giant Carrefour has announced that retail group Hyparlo is taking control of 100% of its Romanian subsidiary, previously held in a 50/50 joint venture with Carrefour.

At the same time, Carrefour is reinforcing its partnership with the Arlaud family by taking a 50% stake in the holding company which controls Hyperlo. Carrefour also retains its 20% direct stake in Hyparlo.

The move comes in a point when Carrefour enjoys a great success with the four hypermarkets it has in Romania. Business in Romania Blog has learned that Hyparlo plans to double the number of hypermarkets in Romania by the end of 2006.

Posted by Mihai : 1/20/2005 02:00:00 pm