Auchan has announced its exit from Hungary by selling 47% of its capital in the country to Indotek, a Hungarian company specializing in real estate investment and development.
The operation is part of a broader strategy to revalue its international activities, with increasingly insistent rumors of a possible withdrawal from Russia, where the retailer generates approximately 10% of its turnover.
This sale marks a significant turning point for Auchan, which currently has a presence in twelve countries and is seeking to streamline its operations in the face of growing economic challenges in recent years. The implications of this decision could impact its distribution network and employees globally.
