ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

WMT Walmart Inc

60.20
-0.52 (-0.86%)
After Hours
Last Updated: 21:17:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Walmart Inc NYSE:WMT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.52 -0.86% 60.20 60.77 60.17 60.66 17,546,830 21:17:00

Carrefour to Acquire Brazilian Food Retailer Grupo BIG

24/03/2021 6:48am

Dow Jones News


Walmart (NYSE:WMT)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Walmart Charts.

By Olivia Bugault

 

Carrefour SA said Wednesday that its Brazilian arm has entered into an agreement with Walmart Inc. and Advent International Corp. for the acquisition of Brazilian food retailer Grupo BIG Brasil SA in a deal that valued the company at roughly 1.1 billion euros ($1.30 billion).

The transaction should quickly allow significant synergies and represents an annual contribution to the earnings before interest, taxes, depreciation and amortization of roughly EUR260 million three years after the deal is closed, the French retailer said.

The acquisition will be funded 70% by cash and the rest through newly issued Carrefour Brazil shares, it said. The completion of the deal is expected in 2022 and is subject to the approvals of Carrefour Brazil's shareholders and Brazilian antitrust authority, it said.

"Combined, the two groups have gross sales of about 100 billion [reais], operate 876 stores and employ around 137,000 people," Carrefour said. BRL100 billion is equivalent to about $18.1 billion.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

March 24, 2021 02:33 ET (06:33 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Walmart Chart

1 Year Walmart Chart

1 Month Walmart Chart

1 Month Walmart Chart

Your Recent History

Delayed Upgrade Clock