Amazon in talks with Casino over Brazil electronics chain: source [Reuters]
Companhia Brasileira de Distribuicao American Depsitary Shares; each representing one Common Share (CBD)
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Source: Reuters
Amazon in talks with Casino over Brazil electronics chain: source | Reuters 2 Min Read SAO PAULO (Reuters) - Amazon.com Inc ( AMZN.O ) and Casino Guichard Perrachon SA ( CASP.PA ) are negotiating a deal in Brazil either partnering or selling the French retailer’s local appliance and electronics chain, a source familiar with the talks said on Tuesday. The talks concerning Casino’s Via Varejo chain, which includes one of Brazil’s largest e-commerce operations and more than 900 stores in the country, would accelerate Amazon’s previously tepid advances into Latin America’s largest market. They come as the e-commerce giant and Casino have struck an agreement to sell groceries from the French group’s upmarket Monoprix through Amazon. The Brazil deal could be structured as a partnership in that model or as an outright sale of Via Varejo, the source said. News of the talks sent preferred shares in GPA SA, Casino’s Brazilian supermarket chain that owns Via Varejo, up 5 percent to 67.28 rea
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