Carrefour shareholders contacted by Abilio Diniz over Brazilian unit
Abilio Diniz, former owner of Pao de Acucar and current chairman of BRF Brasil Foods, has been in contract about potentially acquiring a stake in Carrefour Brazil, the second largest retailer in the country, InfoMoney reported.
The Portuguese-language article, citing an unamed high-rank executive from Pao de Acucar, said Diniz has already contacted Carrefour shareholders.
However, Diniz might not be looking to acquire the totality of Carrefour Brazil, the item noted. There are rumours that Carrefour is looking to float some of its Brazilian subsidiary on Brazil's stock exchange, an operation that could facilitate the entrance of Diniz into its shareholding, the article explained.
In case of such an operation, Carrefour Brazil would benefit from Diniz's sector expertise as it seeks to challenge Pao de Acucar, the largest retailer in Brazil and its main competition, the article noted.
Source Infomoney