Argan completed the acquisition of a 32% stake in Cargo Property Assets from Carrefour for €288m.

Argan, a listed property company specializing in logistics real estate, completed the acquisition of a 32% stake in Cargo Property Assets, a real estate company, from Carrefour, a multinational retailer, for €288m. This operation will contribute to achieving the objective of the Carrefour 2022 plan of divesting €500m ($562m) of non-strategic real estate assets.