The largest shareholder in Carrefour, the Moulin family, has revealed that it has increased its stake in the biggest retailer in Europe to beyond ten per cent, in a declaration necessitated by French law, Reuters reports.
Those who have a stake in Frence-based companies must state publicly when they have passed certain levels of ownership, of which ten per cent is one. The Moulins, who also control Galeries Lafayette, have strengthened their stake in Carrefour to 10.6 per cent, up from 9.5 per cent.
It is understood that the increase followed from a dividend payment in the form of shares.
The family bought a 6.1-per-cent share in the retailer in April 2014.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly.
