Carrefour Brazil shareholder Diniz negotiating BRL 1bn raise from Qatari fund to boost stake
Abilio Diniz is in advanced negotiations to obtain about BRL 1bn (USD 336m) from a sovereign wealth fund in Qatar to raise his stake in retailer Carrefour Brazil, Veja reported.
The large circulation Portuguese-language newsweekly did not give a source for the information in the story in its Radar column in the current edition of the magazine.
Diniz, the former chairman of Cia. Brasileira de Distribuicao (Bovespa: PCAR4), Brazil’s second-largest retailer, known as Pao de Acucar, raised his stake in the parent company, French retailer Carrefour to 5.1% from 2.4%, Valor Economico reported on 9 April, becoming the fourth-largest shareholder in Carrefour. The Sao Paulo-based business daily cited a statement from Peninsula Participacoes, the company that manages the Diniz family's fortune, in the item last month.
Diniz has acquired 10% of Carrefour Brazil in recent years, this news service reported in early April.
Carrefour regained the position of largest supermarket chain in Brazil in 2014, surpassing Pao de Acucar, business magazine IstoE Dinheiro reported in its edition dated 6 May 2015. The weekly magazine cited a trade association known by the Portuguese acronym Abras for the information.
Casino Guichard Perrachon [CO FP], the listed French retailer, has controlled Pao de Acucar since June 2012.
The original article (Veja) appeared in print, Page 44
The original article (IstoE Dinheiro) appeared in print, Page 38
Veja, IstoE Dinheiro