Mergers & Acquisitions Mergers & Acquisitions

Carrefour, Grupo BIG face further scrutiny in Brazil after deal declared 'complex'

By Ana Paula Candil
  • 16 Nov 2021 14:21
  • 16 Nov 2021 14:47
Brazilian food retailer Grupo Carrefour Brasil's planned 7.5 billion reais ($1.36 billion) acquisition of rival Grupo BIG Brasil, formerly Walmart Brazil, has been declared "complex" by the national competition authority and will require an in-depth analysis because of high concentrations in the segments of supermarket, hypermarket and wholesale store.

"The investigation conducted so

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