France's Casino may buy stake in Brazil chain

Article Abstract:

Casino Guichard Perrachon & Cie. of France is expected to announce its acquisition of a minority share of Grupo Pao de Acucar SA. The move represents Casino's aggressive expansion into the retailing industry in Brazil. Grupo Pao is a leading supermarket chain in Brazil. Casino is expected to acquire approximately 30% of Grupo Pao's voting shares.

Asset sales & divestitures, Foreign operations, France, Brazil, Abstract, Casino, Guichard-Perrachon and Cie., Grupo Pao de Acucar S.A.

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Sainsbury must ready a defense to elude private-equity hands

Article Abstract:

J Sainsbury PLC of the United Kingdom is expecting a takeover and may have to divest assets to avoid it. Share price has increased by 65 percent over 2006 and is considered inflated. The British supermarket chain is valued at 11 billion Pounds ($21.68 billion).

Company acquisition/merger, J Sainsbury PLC, Financial report

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Somerfield to sell stores after 6.3% fall in sales

Article Abstract:

Somerfield PLC announced that it is selling as many as 490 stores after it posted a 6.3% decline in sales for the 1999 first-half. The company has been struggling with strong price competition.

United Kingdom, Strategy & planning, Sales, profits & dividends, Somerfield PLC

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