Carrefour’s supervisory board is to meet over the next four days to decide whether to allow Colony Capital and Groupe Arnault two seats on the supervisory board, according to newswire Dow Jones.
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On Monday, Carrefour confirmed it had received a request from Blue Capital, which is a joint venture between Bernard Arnault and Colony Capital, to be allocated two seats on its supervisory board, adding that it planned to meet Blue Capital representatives to gain more details.
Meanwile, the largest shareholder in the Carrefour supermarket group, the Halley family, asked for a third seat on the group’s board in response to the request by Blue Capital.
The Halley request appears to be an attempt on the part of the Halley family, which owns about 13% of the international retail group through its company Halley Participations, to reinforce its position.
That request is due to be considered at the Carrefour annual shareholder meeting on 20 April.
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