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28 May 2012

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Carrefour shareholders urged to reject property float

Investor advisory group Deminor is the latest shareholder in giant French grocery chain Carrefour to oppose splitting off Dia discount stores and 25% of its Carrefour Property units. The restructuring is being pressed by the holding of luxury goods magnate Bernard Arnault and private equity firm Colony Capital who hold 14% of Carrefour and 20% of voting rights.

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