Supermarket group Carrefour is expected to close the €800 million sale of its 79%-owned Picard Surgeles frozen foods division to UK private equity investment firm Candover Investments PLC within weeks, reports the Dow Jones Newswire.
Go deeper with GlobalData
None of the parties involved have made a comment on the subject. Carrefour paid about €140m for its stake in Picard, which posted revenues of €459m and operating profit of €24m during 1999.
