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Carrefour divests 7% stake in Carmila for $194.5 million

Published 04/06/2025, 10:20
© Reuters.
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Investing.com -- French grocery chain Carrefour (EPA:CARR) has sold a 7% stake in shopping center owner Carmila for around 171 million euros ($194.5 million).

The sale was part of a strategic review of Carrefour’s portfolio and was completed on Wednesday.

The transaction involved 9,866,421 shares in Carmila and was carried out via an accelerated book-build process.

Despite the divestment, Carrefour intends to remain Carmila’s primary shareholder.

The company assured that this sale will not lead to any alterations in the existing partnerships, mandates, and service agreements between Carrefour and Carmila.

As part of the share placement, Carmila purchased approximately 1 million euros worth of its own shares.

This move was made to complete Carmila’s share-buyback program, according to Carrefour.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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