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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...
EFA News - European Food Agency