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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Carrefour seeks Brazil private stake sale; Diniz eyes deal

Posted on 14 March 2014

France’s Carrefour SA could raise as much as 5 billion reais ($2.1 billion) from the sale of a stake in its Brazilian unit, with potential bidders including Brazilian tycoon Abilio Diniz and a sovereign wealth fund, a person with direct knowledge of the situation said on Thursday.
Another potential bidder is a sovereign wealth fund that the source would not name. While the structure of the deal is still under discussion, it could include the sale of a stake in Atacadão, Carrefour’s cash-and-carry wholesale unit, a second source said………………………………………..Full Article: Source


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