Aeon bullish on Carrefour buyout

An Aeon mall in Ipoh, Perak. Questions remain on how fast can Aeon Co turn around its newly acquired loss-making Carrefour Malaysia in a relatively high acquisition price and integrate the latter into its business that could eventually benefit Bursa Malaysia-listed Aeon Co (M) Bhd. — The Star

DESPITE its relatively pricey acquisition of Carrefour Malaysia's operations, Japanese retailer Aeon Co Ltd appears bullish on its buyout, with the move projected to further strengthen the latter's presence in Asean.

“For Aeon Co, the acquisition of Carrefour Malaysia provides us with the opportunity to expand on our existing roots here in Malaysia and further develop our Asean operations.