BR Distribuidora e Lojas Americanas discuss partnership in convenience stores

Lojas Americanas and BR Distribuidora signed a memorandum of non-binding understandings to guide studies on the feasibility of a possible strategic partnership in the convenience store segment of the BR, as reported by the companies. "The signature of this memorandum represents one more step in the process of defining the new business model of convenience and possible partnership, which aims to promote the expansion of BR in this segment and maximize the generation of value for the company, as well as For its resellers, "added the BR, which operates in the distribution of fuels. BR also stressed that the competitive process for defining the partner is being conducted by BR Partners and also counts on the participation of other potential candidates. "The discussions between LASA and BR Distribuidora are in a preliminary and non-binding stage, and any relevant terms or conditions of this possible strategic partnership remain undefined, including structure, term and values," said the Retailer in relevant fact.