Carrefour and Promodes in friendly merger

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Carrefour and Promodes in friendly merger

September 30 1999

Carrefour and Promodes have merged to form Europe's largest retailer. The Ffr111 billion ($17.7 billion) deal will produce a combined chain of 9000 stores, and anticipated net sales of Ffr355 billion ($56.5 billion) this year.

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