Carrefour Brazil to Purchase Grupo BIG Brasil — Chain Store Age

Carrefour Brazil has reached a deal to acquire Grupo BIG Brasil from Walmart and Advent International:

“The French retail giant said that its Carrefour Brazil unit has entered into an agreement with Advent International and Walmart for the acquisition of Grupo BIG Brasil in a deal that values the retailer at 1.1 billion euros, or $1.3 billion. The transaction strengthens Carrefour’s already strong presence in Brazil, which ranks as its second-largest market.”

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