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SÃO PAULO – The attempt to merge the Carrefour and Casino distribution networks has opened a new chapter. According to the website of Carrefour proposed to the entrepreneur Abilio Diniz to regain control of the group Pão de Açúcar, led by the Casino.
Payment would be made with Carrefour shares held by Abilio. InfoMoney learned that in addition to these actions, Abilio would have to shell out $ 2 billion more to take control.
According to the Epoca website, the proposal aims to solve one of the main obstacles to the activity: the concentration that the company resulting from the union between Carrefour and Casino would have at Brazil, what could be done
In an important fact disclosed today, Grupo Pão de Açúcar declares that "he is not aware of any discussions concerning the sale of his control and has been informed of his intentions. majority shareholders on this sale. "
InfoMoney contacted Carrefour but, at the time of publication of this case, the company had not taken a position on this matter. The Casino did not comment.
Abilio is now a director of Carrefour and one of the major shareholders of the company. The sugar loaf was founded by his father in 1948.
History
A possible fusion between groups has been a subject for a long time. In 2011, the proposal was made by Abilio Diniz himself, then president of Grupo Pão de Açúcar and partner of the Casino. However, the proposal was rejected and also led to Diniz's departure from the GPA command.
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Last year, the subject surfaced in September, when the Casino announced that it was rejecting a new attempt to merge its rival Carrefour – which, in turn, denied have made the proposal.
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