Brazilian retailer Companhia Brasileira de Distribuicao (CBD) has confirmed to just-food that it is eyeing up 15 merger and acquisition opportunities.
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The company, better known through its trading name Grupo Pao de Acucar, said today (8 January) that gas stations, real estate investments and other retail companies were among those that held the company’s interest.
“Grupo Pão de Açúcar is just looking for the best opportunities in business,” Paula Pedrão, a spokesperson for CBD, told just-food. “The company will maintain its plans for 2009, always looking at the country’s economic development and changes that could happen within the economy after the international crisis.”
CBD announced its December trading results on Monday, posting a 12.6% increase in net sales, which reached BRL$2.03bn (US$881m) for the four-week period.
The company said it recorded its “best sales performance for the month”, with a 7.3% increase in same-store sales.
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By GlobalDataFourth-quarter net sales totalled BRL$5.14bn, up 18.8% year-on-year. Same-store sales rose 13.7%, with food sales increasing 10.2%.
In 2008 as a whole, net sales totalled BRL$18bn, up 21% over the previous year. Same-store sales grew 11%.
The company put its strong sales growth down to a “consistent pricing policy” and the implementation of a “specialised marketing strategy” to address consumer needs.
From this month, Grupo Pão de Açúcar said it will announce its preliminary sales figures on a quarterly basis instead of the current monthly sales reports.
