By  on December 16, 2013

PARIS — Carrefour said Monday it had signed a memorandum of understanding with real estate investment firm Klépierre to buy 127 shopping malls in France, Spain and Italy for a total of 2 billion euros, or $2.7 billion at current exchange, as part of a plan to boost its European hypermarket business.

The world’s second-largest retailer behind Wal-Mart Stores Inc. said it would create a company encompassing a total of 172 shopping malls adjoining its hypermarkets.

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