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Carrefour takes over Grupo Big from Walmart

The French group invests 1.1 billion euros and consolidates its presence in Brazil

Carrefour announces to purchase Brazil’s third biggest food retailer Grupo Big from Walmart and Advent International, in a deal that values the company at 7 billion reais (€1.1 billion). The deal aims to strengthen Carrefour’s presence in Brazil, in particularly expanding its footprint in regions where it has limited penetration such as the northeast and south of the country. Present in Brazil since 1995, Grupo Big – formerly Walmart Brazil – operates a multi-format network of 387 stores and generated gross sales of 24.9 billion reais in 2020.

Carrefour has been present in Brazil since 1975 and operates 489 stores under the Carrefour banner, Carrefour Bairro and Market banners, as well as the Atacadão banner. Combined, the two groups have gross sales of around 100 billion reais (€15,1 billion), operate 876 stores and have around 137,000 employees. While expanding in its traditional formats, the transaction will enable Carrefour Brazil to grow its footprint in formats of limited presence, such as supermarkets (Bompreço and Nacional banners) and proximity stores (Todo Dia banner). Following the acquisition, Carrefour Brazil will operate in a new market segment with the Sam’s Club format through a licence agreement with Walmart.

Upon completion of the deal, Carrefour Group will own around 67.7% of Carrefour Brazil (compared to its 71.6% stake today), while Península Participações will own 7.2% and Advent International and Walmart 5.6%. The transaction remains subject to regulatory approval and other customary closing condition and it is expected be completed in 2022.

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EFA News - European Food Agency