Carrefour Brazil IPO to be carried out on 2Q17 - report (translated)
Carrefour, the French retailing giant, will carry out the initial public offering of its Brazilian subsidiary, Carrefour Brazil, in 2Q17, according to a Brazilian blog from journalist Lauro Jardim, without citing any sources. The blog was published in the local daily O Globo's website.
The Portuguese-language blog post said that Carrefour President, Georges Plassat, and Jose Olympio Pereira, president of Credit Suisse, have met and decided the timeframe for the operation.
The item said that Credit Suisse will coordinate the deal. The company may raise up to BRL 10bn (USD 3.1bn) from the IPO.