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KM Financial Solutions | UPDATE 3-Walmart sells majority of Brazil unit, takes $4.5 bln charge
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UPDATE 3-Walmart sells majority of Brazil unit, takes $4.5 bln charge

03 Jun UPDATE 3-Walmart sells majority of Brazil unit, takes $4.5 bln charge

Posted at 15:18h in News by
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NEW YORK/SAO PAULO, June 4 (Reuters) – Walmart Inc
said on Monday that it has sold an 80 percent stake in its
Brazilian operations to private equity firm Advent
International, exiting an underperforming business in its third
major international deal since April.

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