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Companhia Brasileira de Distribuio (CBD)

  • Jun. 28, 2011, 9:31 AM
    Struggling French retail giant Carrefour (CRERY.PK) jumps 2.9% in Paris after receiving an offer to merge its Brazilian operations with Companhia Brasileira (CBD +1.8%). The JV would create the largest retail company in Brazil, with €30B in 2011 sales.
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Company Description
Companhia Brasileira De Distribuicao operates in the food retailing, clothing, home appliances, electronics and other products segment through its chain of hypermarkets, supermarkets, specialized and department stores.
Sector: Services
Industry: Grocery Stores
Country: Brazil