We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Brazil’s Carrefour sells off 15 Atacadao websites for $127 million By Reuters
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Brazil’s Carrefour sells off 15 Atacadao websites for 7 million By Reuters
The Tycoon Herald > Business > Brazil’s Carrefour sells off 15 Atacadao websites for $127 million By Reuters
Business

Brazil’s Carrefour sells off 15 Atacadao websites for $127 million By Reuters

Tycoon Herald
By Tycoon Herald 2 Min Read
Share
SHARE

SAO PAULO (Reuters) – Meals retailer Carrefour (EPA:) Brasil has agreed to promote 15 properties to an actual property fund for 725 million reais ($127.4 million), it stated on Tuesday.

The Brazilian unit of French retailer Carrefour will then lease again the properties from the fund, Guardian Real Estate, for no less than 13 years so they continue to be as shops from its main model Atacadao, it stated in a securities submitting.

Carrefour Brasil stated it expects the deal to shut this yr, including it is going to pay some 4.8 million reais monthly in lease.

“The transaction is aligned with Grupo Carrefour Brasil’s strategy to unlock value from its real estate portfolio,” the agency stated within the assertion.

Earlier within the day, newspaper Valor Economico reported, citing sources, that Carrefour Brasil was in talks to promote a complete of 65 shops from its Bom Preco and Nacional manufacturers.

In response to Valor, Carrefour Brasil had employed financial institution Bradesco BBI to advise on the talks, and was planning to promote shops in addition to some actual property properties.

Carrefour Brasil didn’t instantly reply to a request for remark outdoors of regular enterprise hours.

SALES GROW

The corporate additionally reported on Tuesday whole product sales of 29.5 billion reais within the quarter led to September, up practically 5% from a yr earlier, pushed by an 8% improve in gross sales at Atacadao shops.

Similar-store gross sales at Atacadao, which operates a hybrid wholesale format, grew nearly 6% from a yr earlier, with out changes for calendar results, in response to the preliminary gross sales report.

Brazil’s Carrefour sells off 15 Atacadao websites for 7 million By Reuters

Carrefour Brasil is anticipated to launch audited third-quarter earnings on Oct. 31.

($1 = 5.6901 reais)

You Might Also Like

Joseph Safina’s Driven Becomes Amazon Bestseller, Blending High Finance with High Speeds

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

TAGGED:AtacadaoBrazilsCarrefourmillionReuterssellssites
Share This Article
Facebook Twitter Email Copy Link Print
UK officers hopeful metal business will keep away from 50% US tariff
Economy

UK officers hopeful metal business will keep away from 50% US tariff

Unlock the Editor’s Digest totally freeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.UK officers are hopeful that the nation’s metal business will keep away…

By Tycoon Herald 6 Min Read
Gabbard Says ‘New Intelligence’ Exhibits Iran Nuclear Services Destroyed
July 7, 2025
Goncalves Household Attempting to Return $85K in Donations, We Do not ‘Bait and Change’
July 7, 2025
Spain Ladies 6-2 Belgium Ladies: Alexia Putellas shines as world champions all however safe Euro 2025 quarter-final spot
July 7, 2025
The Low-Key Summer time Look That’s In every single place in L.A. Proper Now | FashionBeans
July 7, 2025

You Might Also Like

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters
Business

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters

By Tycoon Herald 6 Min Read
Greenback positive factors on tariffs fears; euro seems to be to ECB assembly By Investing.com
Business

Greenback positive factors on tariffs fears; euro seems to be to ECB assembly By Investing.com

By Tycoon Herald 5 Min Read
EQT Real Estate acquires 12-building logistics assemblage positioned in key Northern Italian submarkets By Investing.com
Business

EQT Real Estate acquires 12-building logistics assemblage positioned in key Northern Italian submarkets By Investing.com

By Tycoon Herald 4 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Sports

Charlie Edwards beats Thomas Essomba to win European title and now eyes world championship return

Charlie Edwards defeated Thomas Essomba in a carefully fought bout to win the European bantamweight title…

By Tycoon Herald
Sports

Denver Broncos 7-31 Buffalo Payments: Josh Allen leads Payments previous Broncos to arrange Lamar Jackson and Baltimore Ravens showdown

Josh Allen and the Buffalo Payments stored their Tremendous Bowl dream alive as they beat the…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?