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