Wal-Mart to sell 80% of its Brazilian business ?

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28 May 2018 à 09h48

Updated on 10 May 2019 à 17h06

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1 minute

Publication: 28 May 2018 à 09h48, Updated on 10 May 2019 à 17h06

Reading time: 1 minute

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Publication

28 May 2018 à 09h48

Updated on 10 May 2019 à 17h06

Reading time

1 minute

Publication: 28 May 2018 à 09h48, Updated on 10 May 2019 à 17h06

Reading time: 1 minute

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According to Valor International, Wal-Mart said it was considering options for its Brazilian retail business. It could sell an 80%-stake to the private equity firm Advent International for a value ranging from US$2 to US$2.2 billion, retaining the remaining 20%. Luiz Fazzio, former President of C&A-Brazil from 2002 to 2009 and of Carrefour-Brazil from 2009 to 2013, was invited to head the business and Advent would have already finished the due diligence phase.

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