This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ4A10F_L.jpgIn a securities filing, the Brazilian arm of French retailer Carrefour SA (OTC:CRRFY) said the properties will be leased back under 20-year lease agreements, which are renewable for additional 5-year terms.
Rent expenses related to these properties will be around 10 million reais per month, it added.
($1 = 5.0033 reais)