Casino puts Via Varejo on chopping block amid wider asset sale

Casino puts Via Varejo on chopping block amid wider asset sale

M&A Brazil

France's Casino could offload Brazilian e-commerce retailer Via Varejo as part of a wider €1.5bn ($1.76bn) asset sale by early 2019, according to a statement on the French retailer's website. When contacted by LatinFinance, investor relations at Via Varejo were not aware of any changes, and while market analysts have talked of potential buyers, no firm proposal had been presented or seen. “We have heard of Carlyle, Advent, which just grabbed Walmart so not likely, 3G, Best Buy, Chile’s Falabel

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