Carrefour has today (31 January) revealed that it is considering listing a number of its assets.
The company said it is “studying different projects that could lead to the listing of these assets” but that “no decision has been taken”.
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It said that, regarding options being explored around real estate, it would retain control of Carrefour Property.
The announcement follows speculation around the future of its hard-discount and property divisions. Reports have suggested that activist shareholders Groupe Arnault, the private investment vehicle of Bernard Arnault and US private-equity firm Colony Capital have been pressuring the retailer to sell assets in order to boost its share price.
Prior to the retailer’s announcement, shares rose 3.3% to EUR35.1 (US$48.1) on speculation that the retailer may create separate stock exchange listings for its Dia discount chain and real estate units.
RBS analyst Justin Scarborough said a sale of 49% of Carrefour Property and Dia would raise EUR5bn or an IPO would raise EUR7.8 a share.
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