Carrefour Brazil completed the acquisition of Grupo BIG Brasil from Advent International and Walmart for $1.3bn.

Carrefour Brazil, a Brazilian wholesale hypermarket, completed the acquisition of Grupo BIG Brasil, the third-biggest food retailer in Brazil, from Advent International and Walmart, an American multinational retail corporation, for $1.3bn. “With the acquisition of Grupo BIG, we are completing a strategic move, not only for Carrefour in Brazil, but for the Group as a whole. Our history in Brazil is a perfect reflection of our ambition: within a few years, we conquered leadership, created a vast ecosystem of formats and services and built a powerful and committed powerhouse – while still benefitting from a huge potential for additional growth," Alexandre Bompard, Carrefour Chairman and CEO.