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Brazil's Carrefour gets $200 mln discount on Grupo Big acquisition

Reuters
Updated

April 11 (Reuters) - Carrefour Brasil, the local arm of French retail giant Carrefour, said on Tuesday it reached an agreement to reduce the price of its acquisition of Grupo Big by up to 1 billion reais ($199.7 million).

In a securities filing, the company said the agreement would reduce the price of the deal, finalized last June, by bringing forwards a number of other installments now set to be paid between Tuesday and end-May 2024.

($1 = 5.0072 reais) (Reporting by Peter Frontini; Editing by Sarah Morland)