1 Minute Read by Reuters Staff Reuters, RIO DE JANEIRO, July 8 – GPA, a Brazilian food retailer, announced in a Thursday securities filing that it has settled an arbitration dispute with the real estate arm of Brazilian investment firm Peninsula, without disclosing the terms of the agreement. In 2017, the Fundo de Investimento Imobiliario Peninsula filed a claim in arbitration against GPA, a subsidiary of Casino Guichard Perrachon SA in France. According to GPA, the disagreement involved long-term leases on 60 Peninsula homes. “The settlement agreement agreed by GPA and Peninsula handled earlier issues and improved the Contracts,” GPA said in the filing, “maintaining the long-term of the leases with enhanced new regulations more appropriate to current market conditions.” Peninsula is the family office of the Diniz family of Brazil, which formed GPA but sold its shares a few years ago. (Gram Slattery contributed reporting.) Mark Potter edited the piece.)/n
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