Carrefour: After the peninsula, GIC sells 425 million US dollars in the pre -captured bloc
On the eve of the association that decides to leave Carrefour Brazil From the bag, gicFrom the Sovereign Fund in Singapore, he sold a 2.4 % segment that was in the company for $ 425 million.
The operation was performed through a bloc trade held yesterday at the end of the trading session, along with the closing auction.
The movement comes shortly after the sale of the Diniz family, which was part of the shareholders’ agreement, all its remaining participation in the company during the past few weeks.
Operations show the appetite of risk arbitration investors, who earn a small difference between the screen price and who suggested closing the capital.
It is a sign of Disalpse that should appear at the new price proposed by Carrefour France.
Two weeks ago, the control unit Its width increased To get an attack from the stock market from $ 7.70 to $ 8.50 per share – in addition to a proposal to transfer to the arrows by the matrix.
The price is not satisfied after a number of minorities, especially foreigners, who were questioning the entire process, of the value provided, which is very low to governance.
Questions such as the lack of independence of the committee that evaluates the process within the Brazilian Carrefour by satirical minorities – and even by ISS and Glass Lewis voices, have been referred to, who recommended that shareholders do not accept the initial proposal.
Now, in the market, the evaluation is that, at the new price, most of the towel contributors play.
In the first proposal, the peninsula agreed to exchange its roles to participate in Carrefour France, but it changed its opinion after the second show Evaluating the roles of the Brazilian process Then the change in the offer is followed.
The GIC chip was inside the risk role of the peninsula, which was just more than two weeks – now, why.
Block trading was released at $ 8.38 per share, a small prize of 1 % compared to the beginning of the auction. The deal is the average negotiation size in the last 30 days twice.
The operation was performed by BTG Pacual (from the same exam control set).
The association, which will decide to propose the new Carrefour Franna, will decide on the twenty -fifth.
