Carrefour may seal JV deal in India soon - FT
PARIS, Nov 26 (Reuters) French supermarket group Carrefour could sign a joint venture deal in India soon, its chief executive said in a newspaper interview.
''Negotiations are well on track,'' Jose Luis Duran told the Financial Times. ''We are talking to two or three different candidates ... we should be able to sign a joint venture in the coming months.'' Duran also confirmed that Carrefour was following German-based Metro Group into the Indian cash-and-carry market.
''There
are
two
strategies
in
parallel,
based
on
cash-and-carry
and
hypermarkets.
We
are
starting
from
now
to
build
up.
To
be
realistic,
I
think
the
first
cash-and-carry
stores
should
open
in
2009,''
REUTERS
SLD
BST1235
Story first published: Monday, November 26, 2007, 13:08 [IST]