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

Multiplan Empreendimentos Imobiliarios SA 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.

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