Multiplan Pays 231 Million Reais for Wal-Mart Land in Rio

Multiplan Empreendimentos Imobiliarios SA (MULT3) paid 231 million reais ($124.8 million) for 36,000 square meters of land now ocuppied by a Wal-Mart Store Inc. hypermarket in Barra da Tijuca, Rio de Janeiro, the real estate company said in an e-mailed statement.

To contact the reporter on this story: Fabiola Moura in New York at fdemoura@bloomberg.net

To contact the editor responsible for this story: Adriana Chiarini at achiarini4@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.