Brazil’s leading retailer Pao de Acucar is so hot these days that the company has become the center of an international takeover fight. Tim took a fresh look at CBD on a recent Trading the Globe.
Things have gotten quiet in Brazilian retail after the soap opera between CBD, Casino and Carrefour went on hiatus, but the biggest player of all may still be moving behind the scenes.
Some buzz out there this morning on whether WMT will emerge as a contender in the suddenly hot Brazilian retail M&A story.
The board of directors of French retail giant Carrefour is expected to meet over the next few days to determine their response to a proposal to merge their Brazilian assets with rival CBD.
We now know that Brazil’s largest and best retailer is being guided toward a merger with French giant Carrefour. The near-term effect was obvious, but what may be down the road?
We have mentioned Brazilian retailer CBD two or three times over the last few months for just this reason. Today printed a monster move on M&A excitement.
Giant U.S. private equity firm TPG Capital is gearing up to take over big-box Russian retailer Lenta for as little as $850 million.