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Carrefour denies pulling out of China, Argentina, Poland

A spokesman for France's Carrefour SA said the company would not close its operations in China, Argentina or Poland, Reuters reported.

The firm was responding to a report by French publication Capital that said Carrefour had reportedly asked several banks to sell off its businesses in the three countries.

Analysts warned that the retailer was losing market share in China and its core French market to rivals E. Leclerc SA and Amazon.com Inc., the report noted.