Wal-Mart gets sale green light from Brazilian authority

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3 July 2018 à 10h42

Updated on 10 May 2019 à 16h59

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1 minute

Publication: 3 July 2018 à 10h42, Updated on 10 May 2019 à 16h59

Reading time: 1 minute

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Publication

3 July 2018 à 10h42

Updated on 10 May 2019 à 16h59

Reading time

1 minute

Publication: 3 July 2018 à 10h42, Updated on 10 May 2019 à 16h59

Reading time: 1 minute

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In late June 2018, the Brazilian antitrust authority approved a sale of Wal-Mart’s local business to the buyout investing firm Advent International without sales of additional assets. Purchasing 80% of the Wal-Mart local business, Advent plans to convert unprofitable hypermarkets into cash-and-carry stores and expand the Maxxi and Todo Dia brands.

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