Pao de Acucar Real Estate Worth BRL1.8bn, says UBS Pactual

Pao de Acucar Real Estate Worth BRL1.8bn, says UBS Pactual

Brazil

Brazilian supermarket operator Grupo Pao de Acucar has properties around the country that have a market value of BRL1.8bn, according to UBS Pactual. The value of those properties is not reflected in the company's current share price, according to a report that suggests the retailer, like many other European-owned chains in LatAm such as Carrefour and Casino, might consider unlocking that hidden value through a sale of some of those properties, or even an IPO. "[The] market is increasingly intere

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