Carrefour to acquire Brazilian food retailer Grupo BIG Brasil for €1.1bn
Grupo Carrefour Brasil, a subsidiary of French supermarket chain Carrefour, has agreed to acquire Grupo BIG Brasil, a Brazilian food retailer, from Advent International and Walmart, for R$7.0 billion (€1.1 billion). The consideration consists of 70% in cash and 30% in newly issued shares of Carrefour Brazil. Grupo BIG Brasil has a multi-format network, made […]