Carrefour Proposes Buyout of Brazilian Grocery Unit Atacadao [Yahoo! Finance]
CARREFOUR SA S/ADR (CRRFY)
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Source: Yahoo! Finance
Tue, February 11, 2025 at 8:54 PM GMT+1 1 min read In This Article CA.PA ATAAY (Bloomberg) -- French grocer Carrefour SA submitted a proposal for a take-private of its Brazilian subsidiary Atacadao SA. Most Read from Bloomberg Saudi Arabia's Neom Signs $5 Billion Deal for AI Data Center Nice Airport, If You Can Get to It: No Subway, No Highway, No Bridge Sin puente y sin metro: el nuevo aeropuerto de Lima es una debacle The Forgotten French Architect Who Rebuilt Marseille In New Orleans, an Aging Dome Tries to Stay Super Atacadao said in a statement that its management had received a proposal from Carrefour — its controlling shareholder — that would make it a wholly owned subsidiary. The statement confirmed an earlier report by Bloomberg News that Paris-listed Carrefour was working with advisers on a deal to acquire the Atacadao shares that it doesn't already own. Carrefour is offering 7.70 Brazilian reais each for Atacadao's shares, representing a 19% premi
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