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Carrefour quitting Malaysia, says Mukhriz
Published:  Aug 24, 2010 1:09 PM
Updated: 9:31 AM

French retail giant Carrefour plans to sell its business in Malaysia, a minister said, amid speculation the firm will also offload its Singapore and Thai stores and exit Southeast Asia altogether.

"We heard that Carrefour is considering divesting. It is for the purpose of rationalisation of their overseas business," Deputy Trade Minister Mukhriz Mahathir told AFP late on Monday.


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