Home Retail Carrefour — We have no Contact with Reliance

    Carrefour — We have no Contact with Reliance

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    As widely reported in the Indian media, , owned by , is closing in to acquire stakes in the French retail giant . Sources in the know have said that both the companies are also considering a global alliance or may be a controlling stake in by Reliance or even a joint venture.

    Halley family, which owns 13 per cent stakes in Carrefour, is planning to off-load its stakes. It is believed that Reliance is thinking of picking only a few of Carrefour’s subsidiaries at the moment and not the 13 per cent of Halley family.

    Interestingly, Carrefour in a statement has categorically denied any such talks with Reliance. The statement said, “Carrefour has no contact with this group (Reliance) and no negotiations are underway.”