Casino ready to acquire Pão de Açúcar

The president of the French group Naouri has declared that he intends to take advantage of the purchase option provided in the agreement with Diniz and obtain control over Pão de Açúcar in 2012. The arbitration with Diniz has not yet concluded but Naouri is…
Brazil, Pão de Açúcar in the sights of Carrefour

The number two of the Brazilian large-scale distribution aims to create a joint venture with Carrefour - But Casino, the other French giant in the sector, present in the South American country, opposes it and denounces the abuse of its dominant position.