Brazil Carrefour and local operator Associação Ricoy, comprising seven local grocers, will split supermarket chain Gimenes between them in a deal worth BRL60m (£18.9m), according to Gimenes’ creditors.
Gimenes filed for Chapter 11 bankruptcy in December. 10 of its 23 units in São Paulo will go to Carrefour for BRL45m (£14.1m), with Associação Ricoy taking control of 12 shops for BRL15m (£4.7m).
Gimenes’ creditors decided to break up the collapsed chain after receiving rival bids. The grocer had a turnover of BRL423m (£132.9m) last year.