UPDATE 2-Brazil tycoon Diniz to raise Carrefour stake, eyes board seat -source

April 9, 2015 10:05 PM

67 0

SAO PAULO/PARIS, April 9 (Reuters) - Brazilian tycoon Abilio Diniz is in talks to raise his 5.07 percent stake in Carrefour SA and has the support of major shareholders to take a board seat in the retailer, a source with knowledge of the situation said on Thursday.

Diniz, who is Carrefour's fourth-biggest shareholder behind France's Moulin family, billionaire Bernard Arnault and private equity firm Colony Capital, could be nominated to the board at a meeting in July, said the source, who requested anonymity since the plans remain private.

Also read: Carl Icahn buys stake in software provider VMware: CNBC

Read more

To category page