February 10, 2020 / 10:00 PM / 2 months ago

Carrefour Brasil says it is in talks to acquire stores operated by rival Makro

SAO PAULO, Feb 10 (Reuters) - Carrefour Brasil said in a filing on Monday it is in talks to acquire stores operated by rival retail chain Makro.

Carrefour denied reports by Brazilian media last week saying that it was acquiring Makro's Brazilian subsidiary for 5 billion real ($1.16 billion). Carrefour said in the filing the deal value would be much lower.

$1 = 4.3248 reais Reporting by Tatiana Bautzer Editing by Leslie Adler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below