Carrefour Brazilian Exit Looks Increasingly Likely With Walmart Latest To Be Linked To Takeover

Reports in the Brazilian press have suggested that Walmart has been in talks to acquire Carrefour's operations in the country. These reports come after Carrefour failed to secure a deal to merge its operations with the country's largest retailer, CBD, after opposition from CBD's existing partner Casino. BMI has previously suggested that Carrefour's apparent unenthusiasm for the Brazilian market meant it looked like a likely takeover candidate and these reports support this view. For Walmart, an acquisition would light a rocket under the firm's revenue and put it in a very strong position to challenge CBD as the country's largest

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