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Arnault, who had bought into Carrefour in 2007 and is known for running Louis Vuitton owner LVMH, was one of its three big shareholders, along with the Moulin family and Brazilian businessman Abilio dos Santos Diniz.
The Agache stake was sold in an accelerated bookbuilding process at 16 euros per share, bookrunner Societe Generale (OTC:SCGLY) said in a statement on Wednesday.
($1 = 0.8478 euros)
