Carrefour SA's Brazilian arm said it agreed to acquire 30 stores and 14 gas stations from local rival Makro Atacadista S.A. for 453.69 million dollars in cash.
Carrefour Brasil plans to convert the stores into Atacadão SA-branded sites, expanding the brand's store count to a total of 187 locations while growing its presence in Rio de Janeiro and in Brazil's Northeast Region.
The deal is also subject to other customary conditions, including clearance from Brazil's antitrust regulator, CADE.
Son Dakika › Güncel › Carrefour to buy 30 Makro stores in Brazil for $453.69 million - Son Dakika
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