By  on May 29, 2013

PARIS — Setting its sights on effervescent economies in west and central Africa, Carrefour SA is partnering with trading company CFAO to develop various store formats in eight countries on the continent.

The world’s second-largest retailer behind Wal-Mart Stores Inc. said Wednesday it has signed a memorandum of understanding to form a joint venture that will be owned 55 percent by CFAO and 45 percent by Carrefour.

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