Carrefour sounding out investors about potential Carmila IPO
The advisers to listed French supermarket group Carrefour are understood to have been sounding potential investors for more than a month now regarding a potential IPO of its property unit Carmila, WanSquare reported.
The French-language report, which did not reveal its source of information, said the listing of Carmila could take place next year, although this was denied by Carmila itself.
Carmila is a company dedicated to enhancing the value of the shopping centers adjacent to Carrefour hypermarkets in France, Spain and Italy. At the time of its creation, Carmila owned a portfolio of 171 shopping centers and thus held real estate assets valued at EUR 2.7bn. It has since signed a definitive agreement with Unibail-Rodamco to acquire a EUR 931m portfolio of six shopping centres in France.
Carrefour owns 42% of Carmila, alongside major international investors (Amundi, Axa, Blue Sky Group, BNP Paribas Cardif, Colony Capital, Crédit Agricole Assurances, Pimco and Sogecap).
Source WanSquare