Carrefour Brasil not interested in Walmart Brasil - report (translated)
13 MAR 2018
Carrefour Brasil, the Brazilian unit of French retailer, Carrefour [EPA: CA], is not interested in Walmart Brasil, the Brazilian operations of Arkansas-based Walmart [NYSE: WMT], according to a newswire report.
Reuters cited unnamed sources for the information.
Walmart’s advisor for the deal, Goldman Sachs approached Carrefour, but the French company said it is not interested in the asset, the Portuguese-language article noted.
The president of Carrefour Brasil, Noel Prioux, told Reuters that he will not comment on market rumors and that company is waiting for more information on Walmart’s divestment plans in Brazil.
Carrefour Brasil is open to any kind of partnership or acquisitions in Brazil to expand its operations. The plan is to reach between 120 and 140 stores by 2022, the item added citing Prioux.
The company has already identified partnerships opportunities, the report added without providing further details .