The appointment of a financial and IPO expert to head its Brazilian operations signals Carrefour (CA.PA) may list a stake in that business, as Europe's largest retailer looks to accelerate growth in a key market without adding to its debt. With its core French business on the mend, Carrefour chief executive Georges Plassat has said he wants to speed up expansion in the fast-growing emerging markets of Brazil and China, but has yet to say how. In October, Plassat signaled he was gearing up for an offensive in South America's top economy by naming 56-year old Charles Desmartis to head the holding company controlling all of Carrefour's Brazilian operations. Desmartis' mission is to renovate an ageing store network and take on competitors Grupo Pao de Acucar (GPA) (PCAR4.SA), owned by France's Casino (CO.PA), and Wal-Mart (WMT).
via Business News - Yahoo Finance http://finance.yahoo.com/news/carrefour-seen-eyeing-brazil-listing-080609219.html
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