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Carrefour Considering Sale Of Latin America Operations

October 7th, 2009

carrefourFrench retail giant Carrefour SA (CA.FR) is considering selling its Latin American business, daily Le Monde reports in its Thursday edition, in a story posted on its Web site Wednesday, without citing sources.

According to Le Monde, Carrefour is under pressure by one of its key shareholders, U.S. private equity firm Colony Capital LLC, to quickly sell off a number of Carrefour subsidiaries. The paper reports that no decision has been made but that two offers for the Latin American business are in the works. The report adds that the idea of selling all of the company’s business in emerging markets has been set aside for the moment.

Carrefour and Colony Capital weren’t immediately available for comment.

http://news.morningstar.com


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