DCI 02/06/2011 - Gleyma Lima and Agencies
One of the members of Sugarloaf, Abilio Diniz may be looking to buy also stores Chest of Happiness, in addition to be in negotiations to take over the management of the Brazilian subsidiary of Carrefour. According to market sources, this would not be a problem. In addition, the Administrative Council for Economic Defense (Cade) would welcome this negotiation, because strengthen the market. Much more inclusive, it would please the Brazilian government, because it creates competition in the retail segment, said sources close to the case for the DCI. For
attorney Demarest e Almeida Advogados, Mário Nogueira, Abilio Diniz would only have to disconnect yourself from the actions that it is responsible within the GPA and give them to take a bank account. "If this happens in the market to drive adoption by Cade is almost certain, whether he gets only if he or Carrefour to also resolve Chest of Happyness, "explains attorney specializing in mergers and acquisitions, noting that so far the only company that made a proposal to acquire all stores Silvio Santos was the Sugar Loaf in an estimated $ 1 billion, according to market sources. Now who did not know if the proposal was Abilio Diniz, businessman, or Pão de Açúcar. Who does not is enjoying a winning competitor to supermarkets and consumer electronics is the French Casino, which took action after that.
According to press reports, Diniz should receive the summons from the court until tomorrow or Monday. The shares have a maturity of 30 days to appoint the arbitrators of the case. At a shareholders' agreement, Abilio Diniz and Casino indicate an arbitrator each. A third judge will be appointed by both.
To soften the "malaise" Diniz sent a letter to the company's executive chairman, Eneas Pestana, to comment on the company's drop in the Bovespa index that says "to believe the truth will prevail" soon and asks the team to keep "serenity" in the face of falling stock prices. The businessman also suggests that the company is under "attack" and will do whatever I can to protect it. "You know me very well. I am doing everything that is in my power to leave you and the company protected against any attack. And at the end of the letter explains what you're doing indirectly" under the hood. "You also know that when put the interests of the company and its shareholders above any personal interest and would never consider anything that would harm the company, "he concludes.
Shares
Cia Brasileira de Distribuição-Pão de Açúcar, Brazil's largest retailer, goes to accumulated the biggest drop in two business days of the last ten months. The dispute between the drivers the company made the Raymond James & Associates Inc. downgrade its recommendation.
The action fell 3.3 percent to 12:00, trading at R $ 61.10. Since May 30, the cumulative loss is 8.7 percent. Nevertheless, the actions at the end of the day had the smallest fall day and closed at R $ 62.30 a decline of 1.43%.
Arbitration
Last Tuesday the French Casino, a member of Abilio Diniz Brazilian Sugar Loaf, appealed to the International Chamber of Commerce (ICC), requesting an arbitration against the Diniz family for the group to meet the agreements made in November 2006. However, Diniz disclosed letter denying arbitration. In a statement he claims not to know anything. "So far I have not received any communication regarding the request for arbitration. He also stated that not violated any provision of the shareholder agreements filed with the Company or of other contracts between the controlling shareholders," says the partner.
Dispute arbitration are always shrouded in secrecy, under the shareholders agreement, with it, no one knows exactly what were the orders of punishment to the Casino Diniz family.
0 comments:
Post a Comment