Colony says Carrefour can raise EUR 30bn from property sell-off

French supermarket operator Carrefour could raise more than EUR 30 bn from the sale of its property holdings, according to Thomas Barrack, founder of US private equity firm Colony Capital. This is way more than the French retailer says the holdings are worth. Colony and French billionaire Bernard Arnault last month acquired a 9.1% stake in Carrefour and have been pressuring the company to free up capital to finance growth.

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