Atacadao Raises About BRL1.0 Billion Through Sale and Leaseback Accord
03 Luglio 2023 - 2:42PM
Dow Jones News
By Jeffrey T. Lewis
Atacadão, the Brazilian supermarket and hypermarket also known
as Grupo Carrefour Brasil, said Monday that it has sold and leased
back several properties as part of its strategy of boosting
operation and financial efficiency.
The Brazilian company, which is 68% owned by Carrefour France,
said it raised about 1 billion reais, the equivalent of $209
million, net of capital gains taxes and other fees, in a
transaction that includes four distribution centers and five stores
owned by Atacadão or its subsidiaries.
The leases are for 20-year terms, renewable for additional
five-year terms, which ensures the continuity of operations,
Atacadão said. Rent expenses related to the properties will total
about BRL10 million per month, the company said.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
July 03, 2023 08:27 ET (12:27 GMT)
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