Arab Today, arab today brazil bank pulls out of cbdcarrefour merger
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

Brazil bank pulls out of CBD-Carrefour merger

Arab Today, arab today

Arab Today, arab today Brazil bank pulls out of CBD-Carrefour merger

Rio Do Janeiro - AFP

The state-run Brazilian bank BNDES said it was pulling out of a merger deal between France\'s international food store giant Carrefour and Brazil\'s CBD Pao de Acucar. The bank dropped its support after the deal was effectively nixed by Carrefour\'s French food marketing rival, Casino, which has a major stake in CBD, along with Brazil\'s Diniz family. CBD Pao de Acucar is market leader in Brazil with a network of 1,647 stores and 13.7 billion euros ($19.6 billion) in sales in 2010. BNDES had said its support, which could have been as much as 2 billion Euro ($2.8 billion US) was conditioned on \"the agreement of all parties concerned.\" A merger of CBD and Carrefour, respectively the first and second biggest supermarket chains in Brazil, would have created a supermarket giant. In Paris Tuesday, Casino\'s board categorically rejected the merger of CBD with Carrefour\'s Brazilian operations, calling it \"contrary to the interests\" of Casino shareholders.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil bank pulls out of cbdcarrefour merger Arab Today, arab today brazil bank pulls out of cbdcarrefour merger

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil bank pulls out of cbdcarrefour merger Arab Today, arab today brazil bank pulls out of cbdcarrefour merger

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday