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  • Carrefour Acquires Brazilian Supermarket Chain Atacadao for $1.24 Billion

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    Carrefour acquired the Brazilian supermarket chain Atacadao for $1.24 billion in April 2007. This led the French group to become the largest retailer in Brazil, a position previously held by the Pao de Acucar group. In August 2007, the company withdrew from the Swiss market, selling its 50% stake in the Distributis AG retail group to the Swiss retailer Coop for $390 million. Metro AG is a German wholesale company established in 1964 and was the fourth largest retailer globally in 2010 in terms of revenue, after Walmart, Carrefour, and Tesco. It operates cash and carry wholesale stores under the Metro name.

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    Carrefour acquired the Brazilian supermarket chain Atacadao for $1.24 billion in April 2007. This led the French group to become the largest retailer in Brazil, a position previously held by the Pao de Acucar group. In August 2007, the company withdrew from the Swiss market, selling its 50% stake in the Distributis AG retail group to the Swiss retailer Coop for $390 million. Metro AG is a German wholesale company established in 1964 and was the fourth largest retailer globally in 2010 in terms of revenue, after Walmart, Carrefour, and Tesco. It operates cash and carry wholesale stores under the Metro name.

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    23 views2 pages

    Carrefour Acquires Brazilian Supermarket Chain Atacadao for $1.24 Billion

    Uploaded by

    Anonymous 9nwVyCj4U
    Carrefour acquired the Brazilian supermarket chain Atacadao for $1.24 billion in April 2007. This led the French group to become the largest retailer in Brazil, a position previously held by the Pao de Acucar group. In August 2007, the company withdrew from the Swiss market, selling its 50% stake in the Distributis AG retail group to the Swiss retailer Coop for $390 million. Metro AG is a German wholesale company established in 1964 and was the fourth largest retailer globally in 2010 in terms of revenue, after Walmart, Carrefour, and Tesco. It operates cash and carry wholesale stores under the Metro name.

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    Carrefour a achiziționat în aprilie 2007 lanțul brazilian de supermarketuri Atacadao pentru 1,24

    miliarde USD. Achiziția a condus grupul francez pe primul loc pe piața braziliană de retail, poziție
    ocupată anterior de grupul Pao de Acucar.[7]
    În august 2007, compania s-a retras de pe piața din Elveția, vânzând participația sa de 50% din
    grupul Distributis AG grupului elvețian de retail Coop, valoarea tranzacției ridicându-se la 390
    milioane dolari.[8]
    Metro AG is a German multinational cash and carry wholesale company based in Düsseldorf.[2] It
    was established in 1964 by Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck. In 2010, it was the
    fourth-largest retailer in the world measured by revenues, after Wal-Mart, Carrefour and Tesco.[3]

    Contents

     1History
     2Wholesale Operations
     3Metro name
     4See also
     5References
     6External links

    History[edit]
    The history of the Metro began on November 8, 1963 in Essen with the opening of the first
    wholesale center under the name Metro by the brothers Ernst Schmidt and Wilhelm Schmidt-
    Ruthenbeck. Planning and opening of the first hypermarket under the name Metro in Essen was the
    responsibility of Walter Vieth, who was managing director there from 1963 to 1970.
    In 1964, a year after the opening of the first Metro store, the Stöcker & Reinshagen company (the
    Schell family) planned a cash and carry store in Mülheim an der Ruhr. During the construction
    phase, the businessmens Schmidt-Ruthenbeck, Schmidt and Schell met and decided to merge their
    cash and carry activities. So they founded Metro-SB-Großmarkt GmbH & Co. KG with headquarters
    in Mülheim, later in Düsseldorf. In 1966, the third Metro was opened in West Berlin. In 1967, through
    a partenership with the Dutch company SHV Holdings (Steenkolen Handels-Vereeniging), a
    wholesale center opened in Utrecht, the Netherlands under the name makro.
    In 1980, Metro took over 24.9 percent of Kaufhof.
    In March 1996, Metro AG was formed by the merger of Metro Cash & Carry with Kaufhof Holding
    AG , Deutsche SB-Kauf AG (of the insolvent company co op AG), and Asko Deutsche Kaufhaus AG
    (emerged from Allgemeine Saar Konsum, in which a Metro investment company had previously held
    shares). The group also included the Huma shopping centers, the sports retail stores Primus
    Sportwelt, MHB Handel AG and the office supplies and stationery manufacturer Pelikan, as well
    as Media-Saturn, the consumer electronics business of Media Markt and Saturn. The share of Metro
    AG was founded retrospectively on January 1 and listed on July 22, 1996 on the Frankfurt Stock
    Exchange and was part of the DAX until 2012.
    In 1998, the computer retailers Vobis and Maxdata, the Adler fashion stores and Reno's shoe
    retailers, the discounter TiP, Möbel Roller and unprofitable Kaufhof branches were brought into the
    subsidiary Divaco, which was founded together with Deutsche Bank and the Gerling Group, in order
    to attract new buyers. In December 2003, Metro separated from its stake in Divaco KG and sold its
    shares to the sole shareholder and CEO, Siegfried Kaske, for 1 euro. In 2004, Metro bought Adler
    fashion stores back from Divaco.
    Also in 1998, the 94 Allkauf -S department stores were bought, as was Allkauf Touristik Vertriebs
    GmbH with 160 travel agencies, which were sold again by Metro.

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