Retailer Carrefour to sell stake in Greek joint venture

Carrefour, the French retail chain, is selling its stake in its Greek joint venture owing to fears about Greece’s deteriorating economic situation.

It is selling to partner Marinopoulos, and will take a financial charge of about EUR220 million (USD278m) on the deal.

In a statement, the company said the move was in response to "challenges posed by the Greek economic context".