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Europe Daily Bulletin No. 8942

5 May 2005
Contents Publication in full By article 37 / 45
ECONOMIC INTERPENETRATION / (eu) distribution

In Turkey, CARREFOUR, number two in the world for distribution, has acquired a 60% stake in GIMA, the third largest local supermarket chain which has 81 shops. It will also be buying up the 56% FIBA holds in ENDI, the fourth maxi-discount store in the country with 45 sales outlets. As 44% remainder is in the hands of GIMA, CARREFOUR will therefore control the final totality of ENDI. CARREFOUR has not disclosed the cost of the deal but it is estimated to be around EUR 100 million. This deal...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION
SUPPLEMENT