Trump Ally Barrack’s Investment Company Sells Entire Carrefour Stake

  • Colony Northstar also offloads holding in France’s Edenred
  • Firm owns stake in real-estate unit Carrefour plans to IPO

Colony NorthStar Inc., a U.S. real estate company run by Donald Trump’s long-time ally Tom Barrack, sold its entire stake in supermarket operator Carrefour SA on the same day it exited another French investment.

Colony, which previously had 5.1 percent of Carrefour, no longer holds any shares in the retailer, according to a regulatory filing published late Tuesday. The investor also sold a stake of more than 10 percent in Edenred, a French meal-voucher company.

Tom Barrack

Photographer: David Paul Morris/Bloomberg

Carrefour declined to comment. Its shares were little changed at 23.53 euros in early Paris trading.

Barrack headed President Trump’s inauguration committee, though withdrew from consideration to serve in his cabinet. Colony NorthStar was formed this month through the merger of Colony Capital Inc., NorthStar Asset Management Group and NorthStar Realty Finance Corp.

Carrefour Chief Executive Officer Georges Plassat has said the company plans an initial public offering of Carmila, a real-estate company set up in 2014 with a group of investors including Axa SA and Colony Capital. The unit controls more than 190 shopping centers that are attached to Carrefour “hypermarkets” in France, Italy and Spain to make sure they are properly maintained, according to its website.

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