Thursday, July 14, 2011

BTG Pactual in Talks to Revive Brazil Merger for Carrefour, Pao de Acucar

Brazil’s Banco BTG Pactual SA is in
talks with investors to rekindle a planned merger of Carrefour
SA (CA)’s Brazilian assets with the country’s biggest retailer, Cia.
Brasileira de Distribuicao Grupo Pao de Acucar.
BTG may put together a new proposal if Casino Guichard-
Perrachon SA, the French retailer that shares control of Pao de
Acucar with Brazil’s Diniz family, agrees to hear the offer,
said Carlos Fonseca, head of BTG’s

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