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CARREFOUR REINFORCES ITS LEADING POSITION
IN BRAZIL WITH THE ACQUISITION
OF GRUPO BIG

Grupo Carrefour Brasil (“Carrefour Brazil”) has entered into an agreement with Advent International and Walmart for the acquisition of Grupo BIG Brasil SA (“Grupo BIG”), Brazil’s third-biggest food retailer. This acquisition strengthens Carrefour Brazil’s presence in this high growth potential market. It will allow it to offer Brazilian consumers a broader range of products and services at more competitive prices.

The transaction values Grupo BIG at an enterprise value of R$7.0bn1 (c.€1.1bn). This acquisition offers significant synergy potential from year one, rising gradually to represent a net additional contribution to EBITDA of R$1.7bn (c.€260m) on an annual basis three years after the closing of the transaction.

Combined, the two groups have gross sales of about R$100bn, operate 876 stores and employ around 137,000 people. Present in Brazil since 1995, Grupo BIG operates a multi-format network of 387 stores and generated R$24.9bn gross sales (R$21.7bn net sales) and R$928m adjusted EBITDA in 2020. Carrefour Brazil, which has been present in the country since 1975, operates 489 stores and generated R$74.7bn gross sales (R$67.6bn net sales) and R$5.6bn adjusted EBITDA in 2020.

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