Tag: stores

Carrefour buys 30 stores & 14 gas stations from rival Makro for $454mn

The Brazilian unit of France’s Carrefour SA has agreed to buy 30 stores and 14 gas stations in 17 states from rival retailer Makro’s Brazilian subsidiary for 1.95 billion reais ($453.69 million), the French retailer said in a securities filing on Sunday. The stores will be integrated into the cash & carry Atacadão chain. Makro will continue to operate in Brazil but with only 24 stores in the country’s richest state, Sao Paulo.