Americanas Enters Into Exclusivity With a Bidder for HNT

Company has decided to enter into an exclusivity period with respect to one of the non-binding proposals for Hortifruti Natural da Terra (HNT), Americanas says in filingon Nov. 2 late night.

• Exclusivity has a term of up to 120 days after the date of receipt of the proposal, which occurred on Sept. 12, according to Americanas
  • “This exclusivity period may be extended for another 60 days, to deepen negotiations on the proposal received”
• Valor Economico reported Thursday, citing unidentified sources with knowledge of the matter, that the St. Marche supermarket chain, controlled by L.Catterton private equity fund, is the ...