The Carrefour group strengthens its local ties by welcoming Península into the capital of its Brazilian subsidiary with a 10...
18 Dicembre 2014 - 8:15AM
Business Wire
Regulatory News:
The Carrefour group (Paris:CA) announces today that the
Brazilian investment company Península, chaired by Abilio Diniz, is
taking a 10% stake in its subsidiary in Brazil.
This transaction is a significant first step in the plan,
previously announced by Carrefour group Chairman and Chief
Executive Officer, Georges Plassat, to bring outside investors into
the capital of its Brazilian subsidiary in order to strengthen its
local ties and support its growth. Through this transaction,
Carrefour Brazil will benefit from the widely-recognized local
retail experience of its new shareholder in order to continue the
development of its multi-format model.
This opening of the capital of the Brazilian subsidiary could
also include a listing on the Brazilian stock exchange in the
future.
With sales of more than 34 billion reais in 2013, Brazil is
Carrefour’s second-largest market. At the helm of the Brazilian
subsidiary since 2013, Charles Desmartis is rolling out Carrefour’s
development plan in the country. It includes the renovation and
expansion of the store network (under the Carrefour, Carrefour
Bairro and Atacadão banners) and the development of new convenience
formats under the Express and Supeco banners. Carrefour is also
working on the relaunch of its e-commerce activities in the second
half of 2015 and the development of the real estate adjacent to
some of its stores.
Península, through its Península II Fundo de Investimento em
Participações fund, is investing an amount of 1.8 billion reais
(€525 million) to take a 10% stake in Carrefour’s Brazilian
subsidiary, valuing the company at 20.4 billion reais. In addition,
Península holds options allowing it to raise its stake to a maximum
level of 16% within the next five years.
The closing of the transaction is immediate.
Georges Plassat, Chairman and Chief Executive Officer of
Carrefour group, declared: “I am delighted to welcome Península
to the capital of Carrefour Brazil. Abilio Diniz will bring us his
unrivalled knowledge of Brazil’s retail market and business
landscape. As we prepare to celebrate the 40th anniversary of our
presence in the country in 2015, Abilio Diniz is the best partner
to support our growth. The agreement we have reached is a clear
demonstration of our long-term commitment to Brazil, our
second-biggest market.”
Abilio Diniz, Chairman Península, declared: “We are thrilled
to become a significant partner of Carrefour in Brazil. It is an
excellent investment opportunity for Península, as Carrefour is
acknowledged as a reference in global retail and it boasts a
high-quality team in Brazil. As a member of the Board of Directors
and of the Strategy and Human Resources committees of Carrefour’s
Brazilian subsidiary, I will contribute, through my knowledge and
passion for retail, to supporting its expansion plans and
consolidating its presence in the country. I have a longstanding
relationship of trust with Carrefour, going back to my meeting with
its founder, Marcel Fournier. I have known Georges Plassat for more
than 20 years and admire his leadership and action in Carrefour’s
turnaround.”
About Carrefour Brazil
Carrefour is preparing to commemorate in 2015 its 40 years of
presence in Brazil and is recognized as a pioneer in the retail
market. Carrefour is present in all regions of the country through
its Carrefour hypermarkets, Carrefour Bairro supermarkets,
Carrefour Express proximity stores and Atacadão and Supeco banners,
totalling 256 stores. Carrefour Brazil has also developed credit
solutions for its clients that it offers through its financial
services division. Additionally, Carrefour reaches Brazilian
consumers through its 68 petrol stations and 122 pharmacies. Brazil
is Carrefour’s second-largest market after France, with 2013 sales
of over 34 billion reais and 72,000 employees today.
About Carrefour Group
The Carrefour Group is the leading retailer in Europe and the
second-largest retailer in the world, employing 365,000 people.
With more than 10,600 stores in more than 30 countries (at
September 30, 2014), it generated revenues of €100.2 billion under
banners in 2013.
As a multi-local, multi-format, and multi-channel retailer,
Carrefour is a partner for daily life. Every day, it welcomes more
than 10 million customers around the world.
For more information: www.carrefour.com, @GroupeCarrefour on
Twitter
About Península Participações
Península is the investment vehicle of Abilio Diniz and his
family. It is a professionally managed company that manages assets
of over R$ 10 billion. Peninsula’s key areas of focus are: global
financial assets, direct investments in public and private
companies and real estate investments.
Península’s direct investment mandate focuses on investing in
businesses where it can actively support entrepreneurship and
excellence in management, leverage its competencies, capabilities
and connections and create exceptional contribution to its
stakeholders. Its core investment industries are retail, consumer
products and education.
CARREFOUR GROUPGroup Communication, Tel: +33 (0)1 41 04 26
17Investor Relations, Tel: +33 (0)1 41 04 26 00orCARREFOUR
BRAZILCommunication, Tel: +55 11 3514-0705 / +55 11
3514-0722orBRUNSWICK GROUP, Tel: +55 11 307667620orPENÍNSULA
(France)Arnaud Monnin, Tel: + 33 1 44 50 51 77 / Cel: + 33 6 24 76
83 40Danilo Rocha, Tel: + 33 1 44 50 03 83 / Cel: + 33 6 46 47 09
79orPENÍNSULA (Brazil)Simone Iwasso, Tel: + 55 11 3147 7900 / Cel:
+ 55 11 97261-1738Alessandra Paz, Tel: + 55 11 3702-5159 / Cel: +
55 11 99926-9354
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