Deals
Carrefour Brazil Merger Plan Sets Up Casino Power Struggle
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Carrefour SA, the world’s second-largest retailer, is considering a proposal to merge its Brazilian assets with those of Cia. Brasileira de Distribuicao Grupo Pao de Acucar, setting up a power struggle with French rival Casino Guichard-Perrachon SA.
The combination, which would give Carrefour control of Brazil’s largest retailer, was proposed by Gama, an investment fund managed by Banco BTG Pactual SA. Gama would become the biggest shareholder in Boulogne-Billancourt, France-based Carrefour with an 11.7 percent stake, which may increase to as much as 17.7 percent, according to a statement released today.