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Food Retail & Distribution

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Sotstsu Holdings says business transfer in units

Thursday, 25 May 2017 04:16am EDT

May 25(Reuters) - Sotetsu Holdings Inc <9003.T>:Says it will set up a new unit on July 14.Says the new unit will take over hotel business from two wholly owned units of the co, on Oct.1.

Itaú BBA to underwrite IPO of Carrefour's Brazil arm

Wednesday, 24 May 2017 11:18am EDT

May 24 (Reuters) - Carrefour SA ::Investment bank Itaú BBA will be the lead underwriter of Brazilian retailer Atacadão's initial public offering.Investment banking units of Bank of America Merrill Lynch <<>>, Goldman Sachs <<>>, JPMorgan Chase & Co <<>>, Banco Bradesco SA <<>> and Santander Brasil SA <<>> will also underwrite IPO.Shareholders Carrefour and Península Participações will sell stock in IPO.Funds will be used to settle swap positions, bolster working capital and fund intercompany payments.

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