SAO PAULO Oct 3 French retailer Carrefour SA
plans to take its Brazilian unit public in May, a
newspaper reported on Monday, citing a source familiar with the
Brazilian daily Valor Economico said Carrefour expected the
market for Brazilian initial public offerings to open in the
first few months of next year, but the company wants to wait
until the second quarter to ensure strong operating indicators.
The investment banking units of Itaú, Citibank
, Credit Suisse and BTG Pactual are
likely to coordinate the deal, according to the report.
Carrefour representatives did not immediately respond to a
request for comment.
The French retailer has been looking to list its Brazilian
operation for years, and Chief Executive Georges Plassat said in
July that the unit's IPO could come next year.
(Reporting by Brad Haynes; Editing by Lisa Von Ahn)