Reuters logo
Brazil's GPA aims for stable capex in 2018, focused on new Assai stores
December 5, 2017 / 7:52 PM / 12 days ago

Brazil's GPA aims for stable capex in 2018, focused on new Assai stores

SAO PAULO, Dec 5 (Reuters) - Brazilian retailer GPA SA is planning to invest 1.3 billion reais ($400 million) in 2018, in line with capital spending this year, Chief Executive Ronaldo Iabrudi told journalists on Tuesday.

Iabrudi said GPA plans to focus investments in its most profitable formats and open about 20 stores per year in its Assai cash-and-carry format between 2018 and 2020. ($1 = 3.24 Brazilian reais) (Reporting by Alberto Alerigi Jr.)

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