Top News
Carrefour board backs Brazil merger plan
PARIS : France's Carrefour backed a plan to merge its Brazilian operations with Brazil's top retailer, Grupo Pao de Acuc
1 min
By
Full-year synergies have been estimated at between 600 million and 800 million euros, Carrefour said in a statement on Monday.
The deal was proposed by Gama, a company wholly owned by an investment fund managed by BTG Pactual, one of Brazil's leading financial groups, and capitalized by the Brazilian National Development Bank (BNDES).
Copyright Reuters, 2011