Carrefour reduces its stake in Adialéa, its joint subsidiary with CFAO
Having contributed three times to its subsidiary’s coffers’ bailout, the French distribution group may no longer have joint control over strategic decisions in Senegal and the Côte d’Ivoire.
26/02/2021 at 16h25, by Africa Business+
Before ceding control to its partner CFAO Retail last year, Carrefour had contributed each year, between 2017 and 2019, to the financial needs required to extend this subsidiary’s supermarket network in sub-Saharan Africa, launched in 2013.
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