Carrefour moves ahead with Brazilian IPO

Carrefour moves ahead with Brazilian IPO

Brazil Europe Equity

Carrefour could conduct an IPO of its Brazilian subsidiary as early as the second half of the year, sources told LatinFinance. The French retailer is studying a likely spinoff with the bookrunners Bank of America Merrill Lynch, Goldman Sachs, Itau BBA and JPMorgan, one banker said. Carrefour is understood to have approached the banks last month about a possible IPO. Brazil’s equity capital markets enjoyed a strong start to 2017 and a robust pipeline could be enough to convince Carrefour to list

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