Announced
Financials
Sources
Tags
Brazil
Pending
Diversified Retailers
Private
Domestic
Real Estate
supermarkets retailers
Acquisition
Majority
Single Bidder
Private Equity
Friendly
Synopsis
GIC-backed Barzel Properties, an investment fund, agreed to acquire 17 properties of GPA, a Brazilian retailer, for $234m. The properites will then be rented by cash and carry chain Assai for 25 years, which could be extended for an additional 15 years. The deal still requires approval from Brazil's antitrust watchdog.
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