Brazil's Carrefour sells off 15 Atacadao sites for $127 million
) Brasil has agreed to sell 15 properties to a real estate fund for 725 million reais , it said on Tuesday.
Carrefour Brasil said it expects the deal to close this year, adding it will pay some 4.8 million reais per month in rent. Earlier in the day, newspaper Valor Economico reported, citing sources, that Carrefour Brasil was in talks to sell a total of 65 stores from its Bom Preco and Nacional brands. Same-store sales at Atacadao, which operates a hybrid wholesale format, grew almost 6% from a year earlier, without adjustments for calendar effects, according to the preliminary sales report.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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