Carrefour to acquire Brazil’s third largest grocery retailer

Date : 24 March 2021

Oliver Butterworth

Senior Retail Analyst

In June 2018, private equity firm Advent International acquired an 81% stake in Walmart’s Brazil business for US$4.5 bn, with Walmart retaining a 19% stake. The retailer was renamed Grupo BIG. Carrefour Brazil has now reached an agreement to acquire Grupo BIG from Advent International and…
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