French supermarket group Carrefour to buy Brazil’s Grupo Big in $1.3 bln deal

PARIS, March 24 (Reuters) – French supermarket retailer Carrefour has agreed to buy Grupo Big, Brazil’s third-biggest food retailer, in a deal valuing the Brazilian firm at around $1.3 billion, which Carrefour said would boost its earnings.

Carrefour said on Wednesday that it would buy the company from Walmart and investment firm Advent International.


By Sudip Kar-Gupta via Reuters


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