Carrefour confirms deal with Brazilian tycoon Diniz
PARIS Dec 18 (Reuters) - French supermarkets group Carrefour on Thursday announced that Brazilian billionaire Abilio Diniz had bought a 10 percent stake in its Brazil division through his investment company Peninsula for about 1.8 billion reais ($663 million).
The anouncement confirms information provided on Wednesday by a source with direct knowledge of the situation.
In a statement, Carrefour said the transaction had closed and that the opening of the capital of the business could include a listing on the Brazilian stock exchange in future.
In addition, Peninsula holds options allowing it to raise its stake to a maximum level of 16 percent within next five years, the statement said. ($1 = 2.7145 Brazilian reais) (Reporting by Andrew Callus)
© Thomson Reuters 2017 All rights reserved.