Casino Files Arbitration Against Brazilian Partner, Signals A Souring Of Relationship

French retail giant Casino has filed a request for International Chamber of Commerce arbitration against its Brazilian partner - to 'protect the rights of the common company and its shareholders'. Casino's heckles have been raised following reports that a representative for Brazilian retailer CBD held preliminary merger discussions with French retail giant Carrefour, a fierce rival of Casino. Casino and the local Diniz family share control of CBD but rumours suggest that CBD's Chairman Abilio Diniz contacted Carrefour to discuss a potential agreement. The speculation has been denied in somewhat lacklustre terms, with CBD releasing a statement saying that there

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