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.

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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.


The stake has a book value of US$130m on the open market


The sale is expected to be completed next month.

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