Blue Capital, a company jointly owned by Colony Capital and Groupe Arnault, is increasing its stake in Carrefour.
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The France-based company said today (18 July) it is increasing its holding to 12.9% of the equity and 12% of the voting rights in the French supermarket chain.
Reports yesterday suggested that Blue Capital has been increasing its pressure over Carrefour’s management, calling its growth strategy into question and pushing for the departure of Carrefour’s CEO Jose-Luis Duran.
Officials at Colony Capital could not be reached for immediate comment.
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