Carrefour makes proposal to take Brazilian unit private

SAO PAULO (Reuters) – French grocer Carrefour SA sent to its management a proposal to take its Brazilian unit Atacadao SA, known as Carrefour Brasil, private, the Brazilian company said in a securities filling on Tuesday.

Under the proposal, Carrefour Brasil’s shareholders could chose to receive shares, cash or both for its shares, according to the filing.

(Reporting by Andre Romani; Writing by Isabel Teles; Editing by Chris Reese)