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Luxury billionaire Arnault sells out of retailer Carrefour

Luxury billionaire Arnault sells out of retailer Carrefour

reuters.com · 09/01/2021 02:24
Luxury billionaire Arnault sells out of retailer Carrefour

- French luxury goods billionaire Bernard Arnault has sold the 5.7% he owned in supermarket group Carrefour CARR.PA through his Financiere Agache holding company, raising 724 million euros ($854 million) with the disposal.

Arnault, who had bought into Carrefour in 2007 and is known for running Louis Vuitton owner LVMH LVMH.PA, was one of its three big shareholders, along with the Moulin family and Brazilian businessman Abilio dos Santos Diniz.

The Agache stake was sold in an accelerated bookbuilding process at 16 euros per share, bookrunner Societe Generale said in a statement on Wednesday.

($1 = 0.8478 euros)


(Reporting by Sarah White
Editing by David Goodman
)

((sarah.white1@thomsonreuters.com; + 33 (0) 1 49 49 56 85;))