RPT-UPDATE 3-Carrefour boosts capital spend, eyes Brazilian IPO in 2015

miércoles 5 de marzo de 2014 11:49 GYT
 

* Operating profit 2.238 bln euros vs average forecast of 2.224 bln

* Eyes 2014 capex of 2.4-2.5 bln euros vs 2.2 bln in 2013

* Carrefour may sell Carrefour Brazil shares or do IPO in 2015 - CEO

* Share price up 4 pct

By Dominique Vidalon

PARIS, March 5 (Reuters) - Carrefour, the world's second-largest retailer, reported a rise in profits on Wednesday as work on turning round its core French business started to pay off and said it might list shares in its core Brazilian business next year.

Europe's largest retailer also said it would spend more cash this year to revive its European hypermarkets and expand further in both China and Brazil.

Carrefour said it would decide by the end of the year whether it would make a trade sale of a stake in its business in Brazil, its largest market after France, or proceed with an initial public offer of shares in 2015.   Continuación...