Supermarket rivals in a swap deal

IIPM-ARTICLE

World’s second and third largest supermarket stores, Paris based Tesco and UK based Carrefour, have agreed to an asset-swap deal of their respective superstore chains in Taiwan and Central Europe. Under the deal, Carrefour will transfer fifteen of its stores in Slovakia and Czech Republic to Tesco for $227 million. In return, Carrefour will receive Tesco’s six Hsin Tien hypermarkets in Taiwan, valued at $159 million. The move is being prompted by low market shares of both retailers and would help strengthen their businesses complementarily.

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Source:IIPM-Editorial,2006

Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)