Walmart Inc

NYSE:WMT   3:59:59 PM EDT
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Earnings Announcements, Mergers / Acquisitions

Carrefour Reinforces Its Leading Position In Brazil With Acquisition Of Grupo Big

Published: 03/24/2021 05:44 GMT
Walmart Inc (WMT) - Reinforces Its Leading Position in Brazil With the Acquisition of Grupo Big.
Transaction Values Grupo Big at an Enterprise Value of R$7.0bn(1) (c.
EUR 1.1bn).
Grupo Carrefour Brasil Entered Into an Agreement With Advent International and Walmart for Acquisition of Grupo Big Brasil Sa.
Acquisition Will Be Realized 70% in Cash and 30% Through Newly Issued Carrefour Brazil Shares.completion of Transaction is Expected in 2022.
Expect R$1.7bn Synergies on an Annual Basis.
Group to Own Around 67.7% of Carrefour Brazil, PenÍnsula ParticipaÇÕes 7.2%, Advent and Walmart, Through Affiliates, 5.6% Combined.
Revenue is expected to be $135.39 Billion
Adjusted EPS is expected to be $1.39

Next Quarter Revenue Guidance is expected to be $149.81 Billion
Next Quarter EPS Guidance is expected to be $1.48

More details on our Analysts Page.