Carrefour Brasil in talks with Barzel Properties over $260 million deal
Reuters
Published May 11, 2023 23:47
SAO PAULO (Reuters) - Carrefour (EPA:CARR) Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million).
In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year lease agreements, which are renewable for additional 5-year terms.
Rent expenses related to these properties will be around 10 million reais per month, it added.
($1 = 5.0033 reais)
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Written By: Reuters
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