Grupo de Narváez to acquire the Argentinian unit of Walmart.

Grupo de Narváez, a supermarket chain operator, agreed to acquire Walmart Argentina, the Argentinian unit of Walmart, an American multinational retail corporation. Financial terms were not disclosed. “We are very proud of our Argentina business and associates as they’ve led and shown resilience throughout this year serving customers when they needed them most. We are excited by the local retail expertise the new owners bring to this already strong business, and we believe this deal creates the right structure to help it truly flourish for many years,” Judith McKenna, Walmart International President and Chief Executive Officer.