It's a 180 degree turn.
Motier, the main holding company of the Moulin family, owner of the Galeries Lafayette group, sold 3.5% of the capital that it also holds in the Carrefour group.
Which corresponds to 25 million shares, which are repurchased by the distributor.
The sale price, estimated at 365 million euros,
“
will be paid over the coming days ,
”
specifies the press release published Tuesday.
Result: the Motier family holding company will only hold 7.71% of the capital, thus losing its place as Carrefour's largest shareholder.
The pill is bitter, because the share was resold at 15.48 euros.
When the Moulin family began to acquire a stake in the number two French retailer, the stock was worth approximately twice as much.
“
Since his entry into the capital of Carrefour in 2014, ten
years ago, Motier has always positioned himself as a long-term shareholder, fully convinced of the relevance of the strategy led by Alexandre Bompard, its chairman and director…
This article is reserved for subscribers.
You have 83% left to discover.
Flash sale
€4.49/month for 12 months
I ENJOY IT
Already subscribed?
Log in