French based retailer Carrefour has announced its investment in Russia will end as it plans to pull out of Russia according to Dow Jones.
The move by the firm comes just a month after Carrefour opened its second hypermarket in the Russian economy.
The total amount of the Carrefour Russian investment was not disclosed but rumours suggest that pressure by key share holders to sell off assets in emerging markets is the key driver to the move although the firm stated that it was only pulling out of the Russian market.
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