Bids have been received from four major retailers operating in Brazil for the retail group Atacadao according to a report in the Brazilian business newspaper Valor Economico.
Go deeper with GlobalData
According to the report, Wal-Mart, Companhia Brasileira de Distribuicao (CBD), Carrefour and Makro have all submitted non-binding offers for Atacadao which is valued at around US$1bn.
Atacadao operates 33 stores across eight states in Brazil, with almost half of its outlets in the wealthy Sao Paulo area. The company recorded revenues of BRL5bn (US$2.2bn) in 2005.
The Atacadao auction is likely to be completed by mid-July. Two other prominent retail groups, Costco and the Chilean retailer Cencosud, have also been mentioned as possible bidders for the company, but as yet neither has made a preliminary offer.
If either Wal-Mart or Carrefour were successful in a bid for Atacadao, one or other would overtake CBD as Brazil’s leading retailer.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
