Grupo Muffato buys properties and assets from Makro Brasil

The Muffato Group, together with Makro Brasil, announced yesterday (26) that they are entering into a purchase and sale agreement. Acquisitions include real estate and certain assets related to 16 stores and 11 gas stations.

The two companies had support in the transactions, Makro was financially advised by Santander and legally by Mello e Torres Advogados. The Muffato Group, in turn, was advised by XP Investimentos, Marins Bertoldi Advogados and Mattos Filho Advogados.

Grupo Muffato is purchasing real estate and certain assets relating to stores and gas stations located in Guarulhos, Marília, Piracicaba, Presidente Prudente, Santo André, São Bernardo do Campo, São Jose do Rio Preto, São Jose dos Campos, Sorocaba Norte, Sorocaba South and Taubate. The real estate and assets located in Butantã, Campinas Santos Dumont, Interlagos, Lapa and Mogi das Cruzes are also being purchased, and do not have fuel stations on site.

“With this acquisition, we move towards the largest consumer market in the country and reiterate our confidence in Brazil. The opportunity to operate in new markets brings great motivation to our entire team”, says Ederson Muffato, director of Grupo Muffato.

The process must be completed as soon as possible, however, it is still subject to approval by CADE (Administrative Council for Economic Defense).

“In a world in constant change, we are always analyzing our business, in search of greater efficiency, productivity and new opportunities. In this context, we were contacted by the Muffato Group, which identified extremely valuable properties and assets for the development of its own retail business in the country, and made an offer for such properties and assets. Thus, Makro Brasil decided to proceed with the sale of these properties and assets”, said Antero Filippo, CEO of Makro Brasil.