Carrefour must sell Alfa Retailindo

Indonesia's anti-monopoly agency ordered a unit of Carrefour S.A., Europe's biggest retailer, to
sell its stake in a local supermarket operator.

Carrefour Indonesia must sell its stake in PT Alfa Retailindo Tbk within a year. The company has 14 days to file an appeal at the district court.

Paris-based Carrefour acquired Alfa Retailindo last year for IDR675 billion. The acquisition boosted Carrefour's share of the hypermarket and supermarket segments to 58 percent from 46 percent.

That market power and dominant position has been misused by Carrefour to force its suppliers into providing discounts in their trading terms. Hypermarkets sell items usually found in department stores and big discounters as well as supermarkets.