Thursday, June 30, 2011

France's Carrefour Gets Merger Proposal From Brazilian Rival

France's Carrefour Gets Merger Proposal From Brazilian Rival
French multinational supermarket chain Carrefour is considering a merger with its rival in Brazil CBD, owners of the popular Pão de Açucar and Extra supermarket and big box store chains. Carrefour said it received a proposal from CBD on Tuesday, making the Brazilian the hunter and Carrefour the hunted.The proposal was sent to Carrefour on June 27 by a Brazilian company named Gama, which is owned ...

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