Abílio Diniz teams up with GIC to up stake in Carrefour’s Brazilian unit
GIC now holds an indirect minority stake in Carrefour Brasil (Credit: grassrootsgroundswell)
An investment vehicle backed by Brazilian billionaire Abílio Diniz and Singaporean sovereign investment fund GIC has increased its stake in the Brazilian branch of French retailer Carrefour from 10 per cent to 12 per cent – exercising a put option agreed during the initial purchase last year.
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