Carrefour SA exploring options including sale to boost valuation; shares jump
Investing.com — Carrefour SA is mulling various options to boost its valuation including a sale, Bloomberg report Monday, citing people with knowledge of the matter.
Carrefour SA PK (OTC:CRRFY) was up more than 5% following the news.
The process is still in the early phase as the French grocer is considering various scenarios internally and speaking to advisers about potential options for the business, the people told Bloomberg.
A myriad of options on the table include asset sales, partnerships and acquisitions, or an operational reorganization, according to the people.
The company could also consider a full or partial sale should an interested party emerge, the people added.
Carrefour SA may also opt to remain independent while studying measures to boost its competitiveness through strategy changes and new investments, the sources told Bloomberg.
