Halley family looks to sell stake in CARREFOUR/RELIANCE as possible candidate

According to unconfirmed reports in France, Carrefour’s largest shareholder, the Halley family, has asked two banks to find a buyer for its 13% stake in the retailer for between EUR55 (USD72.58) and EUR60 (USD79.18) per share. Unconfirmed Indian press reports this morning state that Reliance Industries has named two investment bankers to negotiate the purchase of the stake. Carrefour yesterday denied press reports that it is in talks with Reliance, rejecting earlier comments by an unnamed Reliance executive who claimed the two companies are in advanced negotiations over a tie up. "Carrefour denies the report saying Reliance Industries is in talks with Carrefour to either buy a stake in its capital or create a joint venture."