Shareholders approve Carrefour bid to take Brazil unit private

Reuters

Fri, Apr 25, 2025, 12:31 PM 1 min read

SAO PAULO (Reuters) - Shareholders successful Carrefour's Brazil unit, Atacadao SA, voted to instrumentality it backstage aft a bid by the French retailer to bash so, according to a securities filing connected Friday.

Carrefour volition wage 8.50 reais ($1.50) successful currency per people A preferred stock held successful Carrefour Brasil, arsenic projected by the genitor institution earlier successful April.

Newspaper Valor Economico reported, citing sources, that 59% of shareholders had voted successful favour of the proposal.

Class B and C shares are taxable to different specificities, according to the filing. Each shareholder volition beryllium entitled to elite to person a azygous stock class.

Shareholders volition person until May 12, 2025 to workout their enactment to person Class A, Class B oregon Class C shares.

Carrefour Brasil manages a assortment of retail outlets, including Carrefour supermarkets and Atacadao and Sam's Club wholesale stores. The Brazil portion accounts for astir 20% of Carrefour's full gross sales.

($1 = 5.6807 reais)

(Reporting by Isabel Teles; Editing by Kylie Madry)