UPDATE 2-Amazon in talks with Casino over Brazil electronics chain -source [Reuters]
Companhia Brasileira de Distribuicao American Depsitary Shares; each representing one Common Share (CBD)
Last companhia brasileira de distribuicao american depsitary shares; each representing one common share earnings: 7/25 04:03 pm
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Source: Reuters
UPDATE 2-Amazon in talks with Casino over Brazil electronics chain -source | Reuters Reuters Staff 4 Min Read (Adds details on Via Varejo turnaround, analyst comment, updated share performance) By Tatiana Bautzer and Gram Slattery SAO PAULO, March 27 (Reuters) - Amazon.com Inc and Casino Guichard Perrachon SA 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 SA unit, which includes Brazil’s third-largest e-commerce operation and more than 900 stores in the country, would accelerate Amazon’s previously tepid advances into Latin America’s largest market. The negotiation comes as the U.S. e-commerce leader and Casino have struck an agreement to sell groceries from the French group’s upmarket Monoprix through Amazon. The Brazil deal, a more complex negotiation that has been discussed alongside the French partnership since Janua
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