Carrefour maintains plan for property unit's IPO
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CARREFOUR SA, France's largest retailer, said it's still waiting for the right moment for an initial public offering (IPO) of its shopping mall property unit as it reported higher full-year profit.
The division, called Carmila, still plans an IPO, chief financial officer Pierre-Jean Sivignon said on a call to reporters, though he declined to be drawn on whether that means this year. The property company might be worth 4.5 billion euros (S$6.8 billion), according to Sanford C Bernstein analyst Bruno Monteyne.
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