Future of Carrefour Singapore, Malaysia sales process unclear, with Navis out
Following the sale of its Thai assets to French competitor Groupe Casino, French retail giant Carrefour has reportedly put the sales of its Singapore and Malaysia supermarkets on hold for the present, with AVCJ sources suggesting that Navis Capital Partners, which was previously a bidder in the process, is no longer involved.
According to reports, Carrefour was unable to achieve a satisfactory valuation on its 2 Singaporean and 23 Malaysian supermarkets. The group has already announced the sale of its 40 stores in Thailand...
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