Issue 2011 May 24th

This issue was created on 2011-05-24 10:00:00

  • Property sidelined as Dia float goes forwardMay 24, 2011
Carrefour believes that discount chain Dia is likely to be valued at over euro4bn when it is spun-off in July but its plans for its property arm remain mired in a strategic impasse. A timetable for a possible split of its real estate division is not known but next month the crucial decision on Dia will be made, ahead of a proposed float date in Italy of 5 July.
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