Brazilian retailer GPA said on Wednesday it had received an unsolicited offer from Colombian business magnate Jaime Gilinski to take over its subsidiary, Almacenes Exito, in a deal worth $836 million.
Cash-strapped French supermarket retailer Casino on Monday said it aims to conclude a debt restructuring agreement with its creditors by the end of next month, telling creditors it needed an equity contribution of "at least 900 million euros" ($981.63 million).
Sri Lankan shares closed lower on Tuesday, dragged down by losses in financial and consumer staple stocks, although gains in communication services capped further decline.
Spain's government will meet with food retailers and producers on Wednesday to address stubborn inflation in food prices, Economy Minister Nadia Calvino said on Tuesday.