FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of August, 2002
Brazilian Distribution Company
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(Translation of Registrant's Name Into English)
Av. Brigadeiro Luiz Antonio,
3126 Sao Paulo, SP 01402-901
Brazil
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(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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[GRUPO PAO DE ACUCAR LOGO]
COMPANHIA BRASILEIRA DE DISTRIBUICAO (CBD)
PUBLIC ANNOUNCEMENT:
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CADE MANIFESTS A POSITION CONTRARY TO THE REQUEST OF
SUSPENSION OF THE ACQUISITION OF THE SUPERMARKET CHAIN
SE SUPERMERCADOS
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Sao Paulo, August 21, 2002 - Companhia Brasileira de Distribuicao - CBD hereby
informs the market that the Administrative Council for Economic Defense ("CADE"
- the Brazilian antitrust authority) manifested on 08/21/2002 a position
contrary to the request made by the Brazilian Secretariat of Economic Control
("SEAE") of a temporary suspension, in a precautionary basis, of the acquisition
of the supermarket chain Se Supermercados by CBD.
On the same date, CADE and Companhia Brasileira de Distribuicao celebrated a
Commitment of Preservation of the Reversibility of the transaction, which
describes the following main conditions to be observed until the final decision
of the process:
1) To not deactivate any of the acquired stores, except for three stores in
the city of Bauru - SP and for one store located in the Shopping ABC (Santo
Andre-SP);
2) To maintain the SE banner during the whole period of this agreement. The
only exception will be made to the store located at Raposo Tavares (city of
Sao Paulo), which will be under the Extra banner, during 2002;
3) To maintain the jobs according to an average index indicated by the
Brazilian Supermarket Association - ABRAS in relation to the gross revenue
per employee of the 10 largest supermarket companies in 2001;
4) In the consumer's benefit, CADE decided it was not necessary to avoid the
adoption of uniform commercial policies, as it can be verified that CBD
carried lower average prices than the ones carried by Se chain.
CBD understands that these are normal measures in processes of this nature and
that they will not significantly affect the actions already planned for the
stores acquired from the Se chain.
We reaffirm our high degree of confidence in a final favorable decision in this
process, considering the lack of excessive concentration of market in any region
in the state of Sao Paulo. It is important to note that the retail market in
this state is strongly fragmented, implying significant and high competition, by
companies with global presence or by national and local competitors of large and
strong presence within the market.
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COMPANHIA BRASILEIRA DE DISTRIBUICAO THOMSON FINANCIAL INVESTOR RELATIONS
Fernando Tracanella Doris Pompeu
Investor Relations Manager Phone: 55 (11) 3848 0887 ext.208
Phone: 55 (11) 3886 0421 Fax: 55 (11) 3884 2677 E-mail: doris.pompeu@thomsonir.com.br
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Email: pa.relmerc@paodeacucar.com.br
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Website: http://www.grupopaodeacucar.com.br
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Statements included in this report regarding the Company's business
outlook and anticipated financial and operating results regarding the
Company's growth potential. constitute forward-looking statements and are
based on management expectations regarding the future of the Company.
These expectations are highly dependent on changes in the market general
economic performance of the home country industry and international
markets therefore they are subject to change.
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SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
COMPANHIA BRASILEIRA DE DISTRIBUICAO
Date: August 22, 2002 By: /s/ Augusto Marques da Cruz Filho
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Name: Augusto Marques da Cruz Filho
Title: Chief Financial Officer
By:/s/ Aymar Giglio Junior
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Name: Aymar Giglio Junior
Title: Investor Relations Officer