Shares in Carrefour rose almost 7% after the French retail company announced the sale of its Colombian business to Cencosud of Chile for 2 billion euros (£1.6 billion).
Carrefour operates 72 hypermarkets and 20 other stores there, with annual sales, excluding petrol, of 1.5 billion euros.
The BBC reports the sale is part of a strategy to pull out of non-core markets. Carrefour also intends to exit Singapore and Greece and has shut a number of stores in Europe.
Cencosud already has operations in Chile, Brazil, Peru and Argentina. It has been in Colombia since 2007.