# Carrefour Brasil in talks with Barzel Properties over $260 million deal
Published: 2023-05-12
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: Carrefour Brasil in talks with Barzel Properties for $260
Meta Description: Carrefour Brasil enters exclusive talks with Barzel Properties for sale of distribution centers and stores, creating long-term lease agreements.
URL: https://business.express/carrefour-brasil-in-talks-with-barzel-properties-over-260-million-deal/

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SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million).

In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year lease agreements, which are renewable for additional 5-year terms.

Rent expenses related to these properties will be around 10 million reais per month, it added.

($1 = 5.0033 reais)

(Reporting by Carolina Pulice and Peter Frontini; Editing by David Alire Garcia)


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