Carrefour board member Diniz says Brazil IPO shows economy recovering

Abilio Diniz, the third largest Carrefour shareholder, gestures as he attends the company's IPO at the Sao Paulo Stock Exchange in Sao Paulo, Brazil July 20, 2017. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) - Carrefour SA board member Abilio Diniz said on Thursday the initial public offering of the retailer's Brazilian unit shows the country is overcoming its harshest recession in a century.

Diniz, the third largest Carrefour shareholder, and the Chief Executive Officer of Carrefour's Brazilian unit, Charles Desmartis, spoke at an opening bell ceremony in Sao Paulo's stock exchange. Carrefour Brasil <CRFB3.SA> shares are trading 0.5 percent lower from the IPO price.


(Reporting by Aluisio Alves; Writing by Tatiana Bautzer)