Bernard Arnault (Photo by Nicholas Kamm / AFP)
PARIS: French luxury goods billionaire Bernard Arnault has sold out of supermarket group Carrefour, the retailer he first invested in 14 years ago and whose potential takeover by Canada's Couche-Tard unravelled earlier this year.
Arnault held a 5.7% stake via his Financiere Agache holding company, which raised 724 million euros ($854 million) by selling shares on the market in an accelerated bookbuilding process, bookrunner Societe Generale said on Wednesday.
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