CARREFOUR announces Brazilian IPO

30 June 2017 (Updated: 12 July 2017)
Carrefour yesterday announced the IPO of its Brazilian division, with the pricing of the IPO expected to take place in mid-July, and trading commencing on the Brazilian stock exchange from the 20th of July.  It is expected to raise EUR1.2-1.5 billion (USD1.3– 1.6 billion). An IPO of the Brazilian division has been on the cards since the beginning of the year, when former CEO, Georges Plassat floated the idea of a possible IPO of both the Brazilian division and property Unit Carmila.

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