Carrefour Brasil in talks to acquire rival Makro

Carrefour Brasil (CRFB3.SA) said in a filing it is in talks to acquire stores operated by rival retail chain Makro by an undisclosed figure. However, the company denied reports by Brazilian media last week saying that it was acquiring Makro’s Brazilian subsidiary for 5 billion real ($1.16 billion), and said the deal value would be much lower.

Source: Reuters