Carrefour will have to sell 14 Big stores

The acquisition of Big was announced in March 2021 for R$7.5 billion and created an operation with R$100 billion in annual sales and 1,100 stores.

ade approves with restrictions the purchase of the chain, a deal worth R$ 7.5 billion.

05/26/2022

With the approval for the acquisition of the retailer Big given yesterday, Grupo Carrefour is now free to move forward with its greater business integration since it bought the Atacadão chain a decade and a half ago. Cade, the Brazilian antitrust body, informed the transaction's approval with restrictions, which include the sale of 14 stores, a number anticipated yesterday morning by Valor.

In the short term, the market already expects the implementation of changes already planned by the command in recent months. The acquisition of Big was announced in March 2021 for R$7.5 billion and created an operation with R$100 billion in annual sales and 1,100 stores. Some of these 14 stores are already being negotiated with real estate funds and retail chains, including a binding proposal (firm purchase commitment).

Source: Valor Econômico

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