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Carrefour acquires Walmart’s former business in Brazil

Mar 24, 2021

Grupo BIG is Brazil’s third-biggest food retailer

Carrefour Brazil

Carrefour acquires Walmart’s former business in Brazil. Source: big.com.br

Carrefour Brazil has entered into an agreement with Advent International and Walmart for the acquisition of Grupo BIG Brasil SA.

This acquisition will allow Carrefour to offer Brazilian consumers a broader range of products and services at more competitive prices.

The transaction values Grupo BIG at an enterprise value of €1.1 billion.

Our Group is on the offensive: The acquisition of the BIG Group is a major transformation movement for Carrefour Brazil. In this continental country with immense development prospects, we have accentuated our leadership in the food distribution market over the past 3 years, and BIG will further strengthen it with very complementary formats and locations. The transaction fits perfectly into the Carrefour Brazil ecosystem and into the Group's acquisition strategy, centered on the consolidation of our key markets. The significant synergies generated by this transaction are a lever for creating additional value and powerful addition to the profitable growth model that we have established across our Group
Alexandre Bompard, Chairman and CEO of Carrefour Group

The acquisition allows Carrefour Brazil to expand in its traditional formats, notably Cash & Carry (Maxxi banner) and hypermarkets (BIG and BIG Bompre?o banners).

Besides, it will be able to extend its footprint in formats in which it has a more limited presence, in particular supermarkets (Bompre?o and Nacional banners) and proximity stores (Todo Dia banner).

In addition, Carrefour Brazil will operate in a new market segment with the Sam’s Club format, through a license agreement with Walmart. This unique and highly profitable premium business model is based on a membership system, with over 2 million members.

We’ve reported that Carrefour completes supermarket acquisitions in Spain.

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