Deals
Wal-Mart Said to Explore Bid for Carrefour’s Brazil Business
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Wal-Mart Stores Inc., the world’s largest retailer, is exploring a bid for Carrefour SA’s Brazilian stores to help bolster its scale in Latin America, said several people with knowledge of the process.
The plans are at an early stage and Bentonville, Arkansas-based Wal-Mart may decide against an offer, said the people, who declined to be identified as the process is private. Wal-Mart has let Carrefour know of its interest, though the two sides aren’t in formal talks, said one of the people.