Wednesday, November 25, 2015

St Marche evaluates contribution to expansion

The partners of the supermarket chain St Marche, which has 20 stores in the country, prepare a new contribution in the coming months. Such an operation could lead to the entry of another partner in the business, according to information of Value PRO. The definition of the new partner isn't closed by being tied to another negotiation, according to a source close to the matter.
The operation will be necessary so that the company can move in your organic expansion project. In addition to the shops, the network features in the Emporium complex, Eataly and restaurants opened this year in Sao Paulo.
One of the shareholders of the St Marche, the Bond Management-family office of the American investor Malone Mitchell, decided to review its strategy in the country and the decision to follow the capitalization in the retailer depends on this adjustment in the portfolio. The Loop has about 30% of a group of shops of St Marche and, at first, doesn't want its stake diluted.
If the Loop decides not to follow the capitalization, the St Marche must seek another investor. According to sources, the expectation is that by the beginning of next year the American Fund decides on the subject and thus the capitalization plan in St Marche can advance.
The two largest individual shareholders of the St Marche, Bernardo Ouro Preto and Victor Leal, divided society with three other investors (apart from the loop). If the contribution is defined, such investors should monitor the operation to maintain position in the business.
According to market information, the members of the network of supermarkets also received informal surveys of companies and investment funds, such as Carlyle and Peninsula of Abilio Diniz. The businessman, today the fourth largest shareholder of Carrefour in the world, has a close relationship with the network's shareholders for years.
In the past, when Diniz was a partner of Grupo Pão de Açúcar, the company arrived to talk with the owners of the St. Marche for than a proposed acquisition.
Sought by the Valor Econômico newspaper, the peninsula reported that no comments on market rumours. The Marche, in turn, also not manifested.
Supermercado Moderno - 24/11/2015 News Item translated automatically
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