Wal-Mart sells 80% of Brazilian business

Publication

2 June 2018 à 22h12

Updated on 10 May 2019 à 17h03

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2 minutes

Publication: 2 June 2018 à 22h12, Updated on 10 May 2019 à 17h03

Reading time: 2 minutes

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Publication

2 June 2018 à 22h12

Updated on 10 May 2019 à 17h03

Reading time

2 minutes

Publication: 2 June 2018 à 22h12, Updated on 10 May 2019 à 17h03

Reading time: 2 minutes

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As part of a global strategy to reduce exposure in unprofitable markets and to boost online growth, Wal-Mart is selling 80% of its Brazilian operation, representing 483 stores in 200 cities and 55,000 staff. The buyer is private equity investor Advent International, with Wal-Mart retaining 20% of the company. According to a spokesman, Wal-Mart won’t receive immediate payment but take future rewards of up to US$250 million from Advent, based on the unit’s performance. Taking account of this deal

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