Americanas terminates partnership with Vibra in convenience stores and will receive R$192 million

With the deal, the local stores are back under Americana’s control and the BR Mania brand remains with Vibra

A AmericansIn judicial recoveryinformed in a statement this Wednesday, 23rd, that it has signed a partnership termination term with vibrate energy operates small retail stores through the Vem Conveniência company.

The closure provides for the return of the business to the original shareholders, namely the Local stores, for Americanas, and BR Mania, for Vibra. The assets and liabilities relating to the BR Mania stores will be merged into a new company set up by Vibra, called Sociedade BR Mania.

“With the new company owning the BR Mania stores as an independent subsidiary, Vibra expects to continue the growth already observed and further develop its convenience business as an indispensable part of its value proposition for the retailers and consumers in its network of stations” , says Vibra, also in a note to the market.

The companies also inform that the conclusion of the closure is subject to the fulfillment of conditions precedent, such as the approval of the Administrative Council of Economic Defense (Cade) and the sentence of the 4th Commercial Court of the Judicial District of the State of Rio de Janeiro, where the judicial recovery process takes place.

Source: Terra

Rose

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