A banking source working with Carrefour told Reuters: “Carrefour is talking to Deutsche Bank about buying the entire stake of (Seventh Continent’s main owner) Alexander Zanadvorov, which the bank has as collateral against a loan.”
Another source close to the bank confirmed Carrefour had made an offer to buy the stake – thought to be 74.8 per cent of the business - and help Zanadvorov pay back $560m in debts to Deutsche Bank.
According to Russian reports, Carrefour may make a final offer for the stake within the next month.
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