# Carrefour Brasil in talks with Barzel Properties over $260 million deal
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2023-05-12
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: Carrefour Brasil in Talks with Barzel Properties Over $260 Million Deal
Meta Description: Carrefour Brasil is selling 5 distribution centers and stores to Barzel Properties. Properties will be leased back under long-term agreements.
URL: https://fintechherald.com/carrefour-brasil-in-talks-with-barzel-properties-over-260-million-deal

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## Carrefour Brasil in talks with Barzel Properties over $260 million deal   SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million).    In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year lease agreements, which are renewable for additional 5-year terms.    Rent expenses related to these properties will be around 10 million reais per month, it added.    ($1 = 5.0033 reais)        (Reporting by Carolina Pulice and Peter Frontini; Editing by David Alire Garcia)


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