BRAZIL: Diniz halts CBD-Carrefour merger plan
Abilio Diniz, the Brazilian tycoon and chairman of CBD, the country's largest retailer, has put plans to merge the business with Carrefour's local operations on hold.
The battle over Brazil's largest retailer
UPDATE: FRANCE: Casino hits back at Carrefour’s CBD claims
Casino has taken a swipe at Carrefour in the ongoing dispute over the future of Brazilian retailer CBD and insisted its French rival had acted in a "hostile" manner.
FRANCE: We are not hostile, Carrefour tells Casino
Carrefour today (5 July) insisted it had "no hostile intentions" towards its French rival Casino, which is battling the world's second-largest grocer for control of Brazil's largest retailer.
UPDATE: FRANCE: You need our support, Casino warns Carrefour
Casino today (4 July) insisted that a plan to merge Brazil's largest retailer CBD with Carrefour's local operations needed its support to go through.
FRANCE: Carrefour board approves CBD merger offer
Carrefour's board of directors has backed a plan to merge its operations in Brazil with the country's largest retailer CBD.
BRAZIL: Diniz asks Casino to study Carrefour merger plan
Brazilian businessman Abilio Diniz has asked Casino, his co-shareholder in the country's largest retailer CBD, to examine the proposal to merge the business with the local operations of Carrefour. The…
FRANCE: Casino again ups stake in Brazilian retailer CBD
Casino has again upped its stake CBD in a further twist in the battle for control of the Brazilian retailer. The French retailer lifted its shareholding in CBD from 37%…
FRANCE/BRAZIL: Casino CEO Naouri demands talks with Diniz
The chief executive of Casino has called for a meeting with its fellow shareholder in CBD to discuss the controversial plan to merge the Brazilian retailer with Carrefour's local unit.…
FRANCE/BRAZIL: Court confirms evidence of Carrefour-Diniz “CBD merger talks”
A French court has concluded that raids on Carrefour's headquarters earlier this month did yield evidence of talks between the retailer and the Diniz Group over the future of Brazil's…
UPDATE: BRAZIL: Casino labels plan to merge CBD, Carrefour unit “illegal”
Casino plans to oppose any potential deal to merge Brazilian retailer CBD - in which it is a shareholder - with Carrefour's local operations. Carrefour this morning (28 June) announced…
FRANCE/BRAZIL: Carrefour receives CBD merger offer
Carrefour has received an offer to join forces with Brazilian retailer CBD in a move that would create the country's largest retailer. The proposal, received from investment fund Gama and backed…
