Carrefour shares rise

Reuters: French billionaire Bernard Arnault said on Wednesday he had taken a 9.1 percent stake in supermarket giant Carrefour jointly with U.S. private equity group Colony Capital.

In a statement with Colony, Groupe Arnault said together with a 0.7 percent stake in Carrefour held by investment group Axon Capital, the consortium now controlled 9.8 percent of the world’s second largest retailer.