Carrefour drafts financing plans for BIG acquisition in Brazil

Carrefour drafts financing plans for BIG acquisition in Brazil

Corporate & Sovereign Strategy Loans Brazil Capital Markets Retail shopping

Carrefour Brasil, the Brazilian subsidiary of French retailer Carrefour, plans to take out up to BRL2 billion ($381 million) in bank loans to finance the acquisition of Grupo BIG, a company source told LatinFinance on Tuesday. Carrefour agreed in March to buy BIG from US private equity firm Advent International and retailer Walmart for BRL7 billion ($1.33 billion) in cash and shares. The company will rebrand some of the BIG stores as part of its whole division Atacadão, the source said. "This is

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial