Grupo BIG is Brazil’s third-biggest food retailer
Carrefour Brazil has entered into an agreement with Advent International and Walmart for the acquisition of Grupo BIG Brasil SA.
This acquisition will allow Carrefour to offer Brazilian consumers a broader range of products and services at more competitive prices.
The transaction values Grupo BIG at an enterprise value of €1.1 billion.
The acquisition allows Carrefour Brazil to expand in its traditional formats, notably Cash & Carry (Maxxi banner) and hypermarkets (BIG and BIG Bompreço banners).
Besides, it will be able to extend its footprint in formats in which it has a more limited presence, in particular supermarkets (Bompreço and Nacional banners) and proximity stores (Todo Dia banner).
In addition, Carrefour Brazil will operate in a new market segment with the Sam’s Club format, through a license agreement with Walmart. This unique and highly profitable premium business model is based on a membership system, with over 2 million members.
We’ve reported that Carrefour completes supermarket acquisitions in Spain.