FRANCE/USA: Carrefour hopes to net US$194.3m for its Petsmart stake
French retailing giant Carrefour, the second largest supermarket group in the world, revealed yesterday [Wednesday] that it hopes to net US$194.3m in the sale of its 9.9% stake in US pet food company Petsmart. Carrefour, which first revealed that it would sell the stake in late June to focus on its core retail businesses, priced its public offering of 14.5 million shares at US$13.40 a share.
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