The retailer, based in Boulogne-Billancourt, intends to list Dia, the world’s third-largest discounter, in Madrid on July 5, pending approval. The move is part of a plan, which includes spinning off 25 percent of Carrefour’s property assets in France, Italy and Spain as it focuses on the Carrefour brand.
Carrefour repeated in a statement today that it expects sales and operating income to rise this year, boosted by expansion in China and higher sales in Brazil. Western Europe remains difficult and soaring raw-material prices are limiting the ability to negotiate with suppliers, Carrefour said.
