Carrefour rethinks real estate, plans listing

Article Abstract:

France's Carrefour S.A. has announced it will open up its real estate holdings to outside investors. The new company, called Carrefour Property, will be listed on the Paris Stock Exchange and will own 60% of Carrefour S.A.'s real estate holdings valued at approximately $27 bil to $33 bil. They will include shopping malls, hypermarkets, and a range of other properties throughout France, Italy and Spain.

Organizational history, Securities issued, listed, Other Activities Related to Real Estate, REAL ESTATE, Real Estate Services, Real estate industry, Carrefour S.A., Securities, Company securities, Organization formation

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PPR to sell Printemps store amid Paris real-estate boom

Article Abstract:

PPR S.A. of France is cashing in on a real estate boom by selling its flagship Printemps department store in Paris. Multiple bids are coming from competitors, including Lafayette S.A. also of France. The valuation of the Printemps store is between 800 million Euros and 1 billion Euros ($1 billion and $1.25 billion).

Economic aspects

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Legardiere agrees to buy Sportfire for $1.11 billion

Article Abstract:

Legardiere SCA of France is to purchase Sportfive, a Franco-German interest for 865 million Euros ($1.11 billion). Sportfive owns marketing and televised rights to soccer tournaments in Europe and Germany.

PRINTING AND PUBLISHING, Radio and Television Broadcasting, Advertising, Mass media industry, Marketing industry

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