Carrefour has announced the acquisition of Grupo Big Brasil SA, the third largest grocer in Brazil. The deal looks a bit expensive at the first glance, but the value of real estate and the guided profit synergies are attractive enough to boost investors’ sentiment. The transaction is a good strategic fit in our opinion. We also do not expect any trouble in regulatory approval.
24 Mar 2021
Carrefour set to acquire Grupo Big; a big leap in Brazil
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Carrefour set to acquire Grupo Big; a big leap in Brazil
- Published:
24 Mar 2021 -
Author:
Nishant Choudhary -
Pages:
4
Carrefour has announced the acquisition of Grupo Big Brasil SA, the third largest grocer in Brazil. The deal looks a bit expensive at the first glance, but the value of real estate and the guided profit synergies are attractive enough to boost investors’ sentiment. The transaction is a good strategic fit in our opinion. We also do not expect any trouble in regulatory approval.