Brazilian government conditions support for major retail chain merger

Monday, July 4th 2011 - 04:32 UTC

Full article 8 comments

BNDES bank will not put up the 2.4 billion US dollars it pledged for the merger of Brazil's biggest retailers, Grupo Pao de Acucar and France's Carrefour, unless France’s Casino is on board, bank president Luciano Coutinho said in a local magazine. Read full article

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GeoffWard2
Time for TESCO International to put in its counter-bid.

[But watch out for Walmart/Bompreço]
Jul 04th, 2011 - 11:54 am - Link - Report abuse 0
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Fido Dido
ach Geoff, spare yourself and us that TESCO talk (bogus british pride). It's worthless and you know that. That company has no chance to succeed in Latin America. It only fits well in Asia and the UK.
Jul 04th, 2011 - 05:19 pm - Link - Report abuse 0
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GeoffWard2
Tesco International chanced its arm and has succeded in: (Wiki)
7.1 China
7.2 Czech Republic
7.3 France
7.4 Hungary
7.5 Republic of Ireland
7.6 India
7.7 Isle of Man
7.8 Japan
7.9 Malaysia
7.10 Pakistan
7.11 Poland
7.12 Slovakia
7.13 South Korea
7.14 Taiwan
7.15 Thailand
7.16 Turkey
7.17 United States of America

Walmart are in and fighting the French for the Brasilian market.

I can see every reason in the world for Tesco to go head-to-head with the French over commercial dominance of the sector - especially if the Government are willing to put taxpayer's money into making it happen!.
Jul 04th, 2011 - 06:45 pm - Link - Report abuse 0
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Fido Dido
Tesco In the US is a nobody. Wall mart dominates here.
Jul 04th, 2011 - 06:54 pm - Link - Report abuse 0
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GeoffWard2
Fido, I agree South Park is good, and dominates US comedy animation,
but Walmart is 'something else!'

www.southparkstudios.com/.../s08e09-something-wall-mart-this-way-co...
Jul 04th, 2011 - 07:04 pm - Link - Report abuse 0
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Fido Dido
forget about south park, idiot. It's just reality...wal mart (the retail store I hate and refuse to shop, because of terrible service) dominates here.
Jul 04th, 2011 - 10:51 pm - Link - Report abuse 0
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lsolde
Fido is an expert on everything(he thinks!)& a miserybum too.
Hey Fido, no need to be so angry, the sun will rise again tomorrow & one day you might get your teeth fixed!
Jul 05th, 2011 - 08:52 am - Link - Report abuse 0
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GeoffWard2
Hi Fido,
I was just (humorously, because of your error) pointing out that the Corporation is called Wal Mart, and Wall Mart is an episode of South Park.
Laugh, smile, Fido, it is a sunny day!
Jul 06th, 2011 - 08:54 am - Link - Report abuse 0
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