FRANCE - Blue Capital increases stake in Carrefour

Reports suggest that the current CEO, José Luis Duran, could be ousted at the group's upcoming AGM to be replaced by someone deemed more likely to reach the share price target of EUR 70; it is currently around the EUR 33 mark. It is thought that this could be achieved through the sale of the company’s Brazilian and Chinese interests.

Blue Capital, which is Carrefour's largest single shareholder, is jointly owned by the holding company of French billionaire and chairman of LVMH Bernard Arnault and the U.S. property group Colony Capital.

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