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Carrefour hikes offer to take Brazil unit private up 10%

France's Carrefour hiked its offer to shareholders of Carrefour Brasil to take the retail giant's Brazilian unit private, both companies said on Thursday, raising the purchase price by about 10%. Under the deal Carrefour would pay 8.50 reais ($1.51) per share of the Brazilian unit, up from a previous offer of 7.70 reais. Minority shareholders remain entitled to payment in listed shares of Carrefour, cash or both.

France's Carrefour hiked its offer to shareholders of Carrefour Brasil to take the retail giant's Brazilian unit private, both companies said on Thursday, raising the purchase price by about 10%. Under the deal Carrefour would pay 8.50 reais ($1.

51) per share of the Brazilian unit, up from a previous offer of 7.70 reais. Minority shareholders remain entitled to payment in listed shares of Carrefour, cash or both.

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