The acquisition of Brazilian supermarket chain G. Barbosa by Dutch retailer Ahold is being investigated by Brazilian competition authorities.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The authorities are concerned that the US$124m deal could prompt a hike in prices because, in some areas, the group would enjoy market share as high as 92%.
Ahold has put its restructuring plans for Barbosa on hold pending the outcome of the investigation.
Meanwhile Julius Baer said today [Friday] that it had raised its recommendation on Ahold to “buy” from “hold” and lowered its cash earnings per share estimates.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
