Grupo BIG is Brazil’s third-biggest food retailer
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.
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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