September 3, 2019
Brazil's Lojas Americanas said it is considering a possible partnership with BR Distribuidora to operate convenience stores at service stations.
The two companies have signed a non-binding memorandum of understanding, but the discussions are still in the early stages and have not settled on the structure, timeline or value of a possible partnership, Lojas Americanas said in a securities filing.
BR said in a separate statement that the search for a partner includes other potential candidates.
Brazilian retailer opens discussions to operate convenience stores at service stations