Carrefour's ceo Jose Luis Duran has hinted the company may not be averse to selling off some of its real estate portfolio, valued at EUR 20 bn. Duran told a conference call on the French retailer's 2006 results that there were no plans for a property sell-off. But when questioned on this, he pointedly didn't rule out a sale of some of its properties in the future. His comments came a day after a French billionaire, Bernard Arnault, and a US private equity fund, Colony Capital, announced they had acquired a 9.1% stake in the world's second-biggest retailer by sales.
Premium subscriber content – please log in to read more or take a free trial.
