Brasilia and Rio - The PSDB filed on Monday, with the Committee on Economic Affairs of the Senate (CAE), call for the authorities involved in the merger Sugarloaf-Carrefour in Brazil to attend the Senate to give explanations about the business. The request is for the attendance of the presidents of BNDES, Luciano Coutinho, the Council for Economic Defense (Cade), Fernando Furlan, and the Board of Grupo Pão de Açúcar, Abilio Diniz, and the economist and former president of BNDES Luiz Carlos Mendonça de Barros.
In justification of the request, the leader of the PSDB in the Senate, Alvaro Dias (PR), noted that the information is that the merger will create "a giant company with 32% of Australian supermarket retailing" and that BNDESPar would have already committed resources to give the amount of R $ 3.9 billion, 85% is necessary for the operation, becoming a partner with a share of 18% of the new company that will emerge from the merger. BNDES says it is still studying the operation and that any will come out only if all shareholders agree with the business.
"Therefore, this application seeks to clarify relevant issues that permeate the business, for example, the consequences of the merger for Brazilian consumers and the presence of BNDES in the operation," he said Alvaro Dias.
In the House, PSDB and DEM announced that submission of applications for the same purpose. On Thursday of last week, the leader of the DEM in the House, Rep. ACM Neto (BA) announced it would present request, including the minister of Development, Fernando Pimentel, of which BNDES is subordinate.
Senator Richard Ferraço (PMDB-ES) is also proposing the CAE. But no application shall be voted at the meeting of CAE on Tuesday, according to estimates from the committee chairman, Senator Delcídio Amaral (PT-MS).
The government leader in the Senate, Romero Juca (PMDB-RR), said it would talk to the Presidential Palace to see the strategy in the face of calls, but sees no problem in giving explanations authorities.
- It is a market operation and will only be made if the agreement of all. There is nothing to hide - Juca said.
The meeting between President Casino (member of Diniz Sugar Loaf), Jean-Charles Naouri, Luciano Coutinho, and is scheduled for today at 19h in the bank's headquarters in Rio The French executive tries to explain his point of view about the Melting Sugar Loaf with Carrefour and strengthen with Brazilian authorities who believe and trust in law enforcement.
The board of directors of the French company Carrefour has approved the merger with the group the Sugar Loaf. Meanwhile, the Casino, a member of Abilio Diniz Brazilian network, said it filed against the businessman new request for arbitration at the International Chamber of Commerce, filed last Friday.
For the prediction of Carrefour, the transaction must be consolidated on 1 January 2013. Casino said in a statement that the support of the Carrefour network may imply accountability "and members of its board for accepting, despite repeated warnings, a hostile transaction, the result of illegal dealings."
Casino said it is seeking to ensure that a shareholder pact between the French network and Diniz, signed in 2006, is respected. The two sides have stakes of 50% holding in Wilkes, who has two thirds of the voting group in the Sugar Loaf. The casino is trying to prevent an attempt by French rival Carrefour to merge its Brazilian operation to the Sugar Loaf.
"Casino reaffirms its commitment to the Pao de Acucar group, as well as their trust in management," said the French network in a statement.
In a series of interviews in Brazil last week, Diniz said he did not violated the shareholders' agreement it has with the casino through the holding Wilkes and who came to inform the President Casino on the idea of merger with Carrefour.
The proposed merger of Sugar Loaf with Carrefour in Brazil was made last week and raised conflicts and exchange of accusations between the two partners of the network-controlling Brazilian retail. For business to be conducted, Abilio need to seek the approval of the casino executives on the board. After that, you must also get approval on the board of BNDES for the investment of capital.
The Casino was against the deal in several statements last week, calling it "illegal transaction".
If carried out the merger after a series of corporate transactions, the French headquarters of Carrefour have a 50% stake in Pao de Acucar and Carrefour's current shareholders would share the remaining fraction. At the same time, the shareholders of the Brazilian company would gain share of 11.7% in Carrefour of France.
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In justification of the request, the leader of the PSDB in the Senate, Alvaro Dias (PR), noted that the information is that the merger will create "a giant company with 32% of Australian supermarket retailing" and that BNDESPar would have already committed resources to give the amount of R $ 3.9 billion, 85% is necessary for the operation, becoming a partner with a share of 18% of the new company that will emerge from the merger. BNDES says it is still studying the operation and that any will come out only if all shareholders agree with the business.
"Therefore, this application seeks to clarify relevant issues that permeate the business, for example, the consequences of the merger for Brazilian consumers and the presence of BNDES in the operation," he said Alvaro Dias.
In the House, PSDB and DEM announced that submission of applications for the same purpose. On Thursday of last week, the leader of the DEM in the House, Rep. ACM Neto (BA) announced it would present request, including the minister of Development, Fernando Pimentel, of which BNDES is subordinate.
Senator Richard Ferraço (PMDB-ES) is also proposing the CAE. But no application shall be voted at the meeting of CAE on Tuesday, according to estimates from the committee chairman, Senator Delcídio Amaral (PT-MS).
The government leader in the Senate, Romero Juca (PMDB-RR), said it would talk to the Presidential Palace to see the strategy in the face of calls, but sees no problem in giving explanations authorities.
- It is a market operation and will only be made if the agreement of all. There is nothing to hide - Juca said.
The meeting between President Casino (member of Diniz Sugar Loaf), Jean-Charles Naouri, Luciano Coutinho, and is scheduled for today at 19h in the bank's headquarters in Rio The French executive tries to explain his point of view about the Melting Sugar Loaf with Carrefour and strengthen with Brazilian authorities who believe and trust in law enforcement.
The board of directors of the French company Carrefour has approved the merger with the group the Sugar Loaf. Meanwhile, the Casino, a member of Abilio Diniz Brazilian network, said it filed against the businessman new request for arbitration at the International Chamber of Commerce, filed last Friday.
For the prediction of Carrefour, the transaction must be consolidated on 1 January 2013. Casino said in a statement that the support of the Carrefour network may imply accountability "and members of its board for accepting, despite repeated warnings, a hostile transaction, the result of illegal dealings."
Casino said it is seeking to ensure that a shareholder pact between the French network and Diniz, signed in 2006, is respected. The two sides have stakes of 50% holding in Wilkes, who has two thirds of the voting group in the Sugar Loaf. The casino is trying to prevent an attempt by French rival Carrefour to merge its Brazilian operation to the Sugar Loaf.
"Casino reaffirms its commitment to the Pao de Acucar group, as well as their trust in management," said the French network in a statement.
In a series of interviews in Brazil last week, Diniz said he did not violated the shareholders' agreement it has with the casino through the holding Wilkes and who came to inform the President Casino on the idea of merger with Carrefour.
The proposed merger of Sugar Loaf with Carrefour in Brazil was made last week and raised conflicts and exchange of accusations between the two partners of the network-controlling Brazilian retail. For business to be conducted, Abilio need to seek the approval of the casino executives on the board. After that, you must also get approval on the board of BNDES for the investment of capital.
The Casino was against the deal in several statements last week, calling it "illegal transaction".
If carried out the merger after a series of corporate transactions, the French headquarters of Carrefour have a 50% stake in Pao de Acucar and Carrefour's current shareholders would share the remaining fraction. At the same time, the shareholders of the Brazilian company would gain share of 11.7% in Carrefour of France.
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