SAO PAULO - Brazil's Petz said on Friday it had agreed to merge with rival Cobasi in a cash and share swap deal that would create the country's largest pet product retailer.
The combined company, which would bring together the two largest pet retailers in Brazil, could generate revenue of more than 7.5 billion reais in 2024, Petz CEO Sergio Zimerman said in a call with analysts. The group would own a total of 483 stores.
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