{"id":110379,"date":"2021-03-24T06:05:03","date_gmt":"2021-03-24T06:05:03","guid":{"rendered":"https:\/\/fin2me.com\/?p=110379"},"modified":"2021-03-24T06:05:03","modified_gmt":"2021-03-24T06:05:03","slug":"french-supermarket-group-carrefour-to-buy-brazils-grupo-big-in-1-3-bln-deal","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/french-supermarket-group-carrefour-to-buy-brazils-grupo-big-in-1-3-bln-deal\/","title":{"rendered":"French supermarket group Carrefour to buy Brazil&#x27;s Grupo Big in $1.3 bln deal"},"content":{"rendered":"<p>PARIS, March 24 (Reuters) &#8211; French supermarket retailer Carrefour has agreed to buy Grupo Big, Brazil\u2019s third-biggest food retailer, in a deal valuing the Brazilian firm at around $1.3 billion, which Carrefour said would boost its earnings.<\/p>\n<p>Carrefour said on Wednesday that it would buy the company from Walmart and investment firm Advent International.<\/p>\n<p>It added that the transaction values Grupo BIG at an enterprise value of 7 billion Brazilian reals ($1.3 billion).<\/p>\n<p>Carrefour said the acquisition offered significant synergy potential from year one, rising gradually to represent a net additional contribution to EBITDA (earnings before interest, tax, depreciation and amortisation) of 1.7 billion Brazilian reals, or roughly 260 million euros, on an annual basis three years after the closing of the transaction.<\/p>\n<p>\u201cOur Group is on the offensive: The acquisition of the BIG Group is a major transformation movement for Carrefour Brazil,\u201d said Carrefour Chairman and CEO Alexandre Bompard.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/carrefour-brazil\/french-supermarket-group-carrefour-to-buy-brazils-grupo-big-in-1-3-bln-deal-idUSL8N2LM0RK\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS, March 24 (Reuters) &#8211; French supermarket retailer Carrefour has agreed to buy Grupo Big, Brazil\u2019s third-biggest food retailer, in a deal valuing the Brazilian [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>French supermarket group Carrefour to buy Brazil&#x27;s Grupo Big in $1.3 bln deal - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/french-supermarket-group-carrefour-to-buy-brazils-grupo-big-in-1-3-bln-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"French supermarket group Carrefour to buy Brazil&#x27;s Grupo Big in $1.3 bln deal - Fin2me\" \/>\n<meta property=\"og:description\" content=\"PARIS, March 24 (Reuters) &#8211; 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