INSUBCONTINENT EXCLUSIVE:
Carrefour Brasil (CRFB3), a major player in the Brazilian retail sector, saw its shares skyrocket by over 15% on February 11, 2025.The surge
followed an announcement by its parent company, French retail giant Carrefour S.A., which proposed acquiring all outstanding shares of its
exchange their CRFB3 shares for cash, Carrefour S.A
shares, or a combination of both
Shareholders can opt for R$7.70 per share in cash or one Carrefour S.A
share for every 22 CRFB3 shares.Alternatively, they can choose a mixed package of R$3.85 plus one share of Carrefour S.A
for every 22 CRFB3 shares
operations.Carrefour Brasil Shares Surge 15% Amid Privatization Proposal by Parent Company
(Photo Internet reproduction)Carrefour S.A., which already owns 67.4% of Carrefour Brasil, aims to increase its stake to 100%
creation.He highlighted that privatization would enable more agile management and operational focus, crucial for maintaining competitiveness
2022.Despite challenges such as rising competition and shifting consumer preferences, Carrefour Brasil reported strong performance in recent
This includes R$29.5 billion in consolidated sales during Q3 2024.The privatization plan reflects broader trends in retail consolidation as
companies adapt to evolving consumer habits and economic pressures
Analysts view this move as a strategic effort by Carrefour S.A
to fortify its position in Brazil.It also aims to optimize capital allocation globally
The proposal now awaits approval from minority shareholders at an extraordinary general meeting expected later this year.If finalized, the
