The BBC reports that French retailer Carrefour is selling its stake in a Greek joint venture to its partner there as a result of ongoing concerns about Greece's ongoing economic problems.
Terms of the sale to Marinopoulos were not disclosed.
According to the Wall Street Journal, "The announcement comes just two days ahead of pivotal elections that could prove decisive in whether Greece stays in the euro zone or not. A host of international companies have said they are preparing contingency plans for such a risk, with many voicing concerns about how to retrieve cash in the event of Greece leaving the 17-nation common currency."
And the Associated Press writes, "The Carrefour Marinopoulos supermarkets are among the most popular in Greece, with branches in most parts of Athens and other cities. But business in Greece has come under pressure as the country wallows in a fifth year of recession due to harsh government austerity cuts that have drastically reduced many Greeks' disposable income."