Brazil tycoon Diniz raises Carrefour stake
PARIS, April 9 (Reuters) - Brazilian billionaire Abilio Diniz has raised his stake in French retailer Carrefour to 5.07 percent from 2.4 percent, becoming its fourth-largest shareholder, Peninsula Participacoes, the investment vehicle overseeing Diniz's fortune, said on Thursday.
Peninsula said it had no plans to increase its stake further and did not plan at this stage to ask for a board seat.
"This investment is in line with Peninsula's long-term investment strategy and shows its confidence in Carrefour's growth potential," Peninsula said. (Reporting by Dominique Vidalon; Editing by James Regan)
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