Advertisement
Advertisement

Carrefour Brasil’s shareholders approve Grupo BIG acquisition

By:
Reuters
Updated: May 19, 2022, 21:22 UTC

SAO PAULO (Reuters) - Shareholders of Carrefour Brasil approved on Thursday the acquisition of Grupo BIG Brasil SA, according to a securities filing.

The logo of France-based food retailer Carrefour is seen on shopping trolleys in Sao Paulo

SAO PAULO (Reuters) – Shareholders of Carrefour Brasil approved on Thursday the acquisition of Grupo BIG Brasil SA, according to a securities filing.

The local unit of the French retail giant announced on March 2021 the acquisition of Grupo BIG for roughly 7.5 billion reais ($1.52 billion) from Walmart and investment firm Advent International.

($1 = 4.9310 reais)

(Reporting by Peter Frontini)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Did you find this article useful?

Advertisement