SAO PAULO – International supermarket giant Carrefour’s shares plunged in Brazil on Monday, days after two white security guards at one of its stores killed a black customer, triggering widespread protests.
Shares in the French group’s Brazilian unit were down six percent in afternoon trading on the Sao Paulo stock exchange after a video went viral of the guards beating 40-year-old welder Joao Alberto Silveira Freitas to death outside one of its stores in the southern city of Porto Alegre.
Carrefour shares suffered the biggest losses on the day, even as the Ibovespa index overall gained around one percent.
In Paris, Carrefour shares closed down 2.21 percent.
Carrefour chief executive Alexandre Bompard was swift to…
