date:Jun 26, 2013
French hypermarket operator Carrefour SA is exploring a sale of its China and Taiwan businesses that would involve either an initial public offering in Hong Kong or putting some of those assets in a tie-up with another company, according to people familiar with the matter.
The IPO route could have a fund raising size of roughly US$1 billion, one of the people said, adding Carrefour's plans are still at a preliminary stage. The plan is to find a sustainable future for its China and Taiwan busine