03/03/2014 (Agence Europe) - Mergers: CFAO-Carrefour joint venture. On 3 March, the European Commission gave the go-ahead to a joint venture by French retail sales company CFAO and French supermarket chain Carrefour. CFAO is owned by Toyota Tsusho Corporation (Japan) and sells cars, pharma products, equipment and IT services in Africa. Carrefour is a big supermarket chain selling mainly food. The new company will be active in the retail sale of food in a number of countries in Africa. The...