The Saadé household turns into the second shareholder of Carrefour | EUROtoday

At Carrefour, one household replaces one other. The French distributor revealed, Wednesday, November 12, that the Saadés, house owners of the Marseille shipowner CMA CGM, had taken a 4% stake in its capital. That is to say a heritage funding of lower than 400 million euros. The household thus turns into the second shareholder of the model, behind Moulin-Houzé (Galeries Lafayette), who maintain 9.5% of the capital. Rodolphe Saadé, CEO of CMA CGM, will enter on 1^er December to the Carrefour board of administrators as an impartial director.

The arrival of the Saadés thus makes it potential to compensate, partly, for the withdrawal of Peninsula, the holding firm of the Brazilian businessman Abilio Diniz, who died in February 2024. The heirs of the billionaire had not hidden that they needed to disengage. It is now accomplished, stated a press launch from the distributor on Wednesday. Peninsula didn’t renew contracts referring to spinoff merchandise which gave it a stake of roughly 8.5% within the capital of Carrefour. As a end result, the 2 representatives of the holding firm resigned from the board of administrators.

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