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Carrefour Brasil's shareholders approve Grupo BIG acquisition

FILE PHOTO: The logo of France-based food retailer Carrefour is seen on shopping trolleys in Sao Paulo, Brazil July 18, 2017. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) - Shareholders of Carrefour Brasil approved on Thursday the acquisition of Grupo BIG Brasil SA, according to a securities filing.

The local unit of the French retail giant announced on March 2021 the acquisition of Grupo BIG for roughly 7.5 billion reais ($1.52 billion) from Walmart and investment firm Advent International.

($1 = 4.9310 reais)

Reporting by Peter Frontini

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