French retail giant Carrefour is understood to be looking at spinning off its property unit or considering an initial public offering.

The unit is estimated to be worth around EUR11bn (US$14.65bn) and an IPO or spin-off would be part of the retailers attempts to return money to its shareholders, Reuters reported today (16 December).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

According to sources, Carrefour has started work on the transaction, with investment banks UBS and Rothschild already mandated.

A decision is expected to be made in the first half of 2011.

Carrefour did not return comment when contacted by just-food.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now