Portugal´s Sonae interested in Walmart Brazilian operations- report

Reuters

Wed, Feb 14, 2018, 7:17 AM

In this article:

SAO PAULO, Feb 14 (Reuters) - Portuguese retail conglomerate Sonae SGPS SA is interested in partnering with buyout firms to acquire the Brazilian operations of Walmart Inc, Brazilian newspaper Valor Economico reported on Wednesday, citing a source close to the matter.

Walmart and Sonae could not be reached immediately for comment.

Reuters reported on Jan. 21 that Walmart was in talks with buyout funds Advent International Corp, GP Investments Ltd and Acon Investments LLC. Walmart had sounded out rival retailers, which had showed no interest. (Reporting by Alexandra Alper and Tatiana Bautzer; Editing by Jeffrey Benkoe)

California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices
In response to California's new $20 minimum wage law, fast food franchises are being forced to rethink their business strategies to stay afloat. Scott Rodrick, who owns 18 McDonald's franchises in the state, is considering measures to manage the increased labor costs without resorting to layoffs, which he sees as a last resort. Don't Miss: 82% of Americans aren’t using this government secured 5% passive income stream, are you one of them? The average American couple has saved this much money for
Benzinga•19h ago
3 Super-Safe Stocks That Could Reach 70 Consecutive Years of Dividend Raises By 2032
When it comes to reliable passive income, these three dividend-paying companies are best in breed.
Motley Fool•2h ago
Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange.
CoinDesk•20h ago
Former House Speaker Nancy Pelosi Can't Stop Buying the 1 Artificial Intelligence (AI) Stock Billionaires Have Been Eager to Sell
Though this highflying stock is making Nancy Pelosi and her venture capitalist husband richer, more than a half-dozen billionaires have sent it to the chopping block.
Motley Fool•1d ago
Lockheed Martin reports higher sales on strong defense demand
US weapons maker Lockheed Martin on Tuesday reported a near 14% rise in Q1 sales, as simmering geopolitical tensions fuel demand for new weapons.
Reuters•39m ago
Time to Pounce: 2 Phenomenal Ultra-High-Yield REITs That Haven't Been This Cheap in Years
The premier name among retail REITs, along with a 14%-yielding REIT that's returned $25 billion to its shareholders since going public, make for sensational buys right now.
Motley Fool•3h ago
Trump poised to clinch $1.3 billion social media company stock award
Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The award will take the former U.S. President's overall stake in the company, Trump Media & Technology Group (TMTG), to $4.1 billion. While Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at $4.7 billion.
Reuters•2h ago
Forget Nvidia: Billionaires Are Selling It and Buying These 2 High-Octane Artificial Intelligence (AI) Growth Stocks Instead
Billionaire investors are ditching the "infrastructure backbone" of the artificial intelligence (AI) revolution in favor of two industry-leading, irreplaceable AI stocks.
Motley Fool•3h ago
It's Time to Ditch These 2 "Magnificent Seven" Stocks and Replace Them With 2 Bona Fide Outperformers
Among Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla, there are two former highfliers that are no longer magnificent.
Motley Fool•1d ago
With Shares Down Nearly 70%, I'm Piling Into this Ultra-High-Yield Dividend Stock
NextEra Energy Partners has multiple upside catalysts.
Motley Fool•3h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Portugal´s Sonae interested in Walmart Brazilian operations- report

Recommended Stories

California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices

3 Super-Safe Stocks That Could Reach 70 Consecutive Years of Dividend Raises By 2032

Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters

Former House Speaker Nancy Pelosi Can't Stop Buying the 1 Artificial Intelligence (AI) Stock Billionaires Have Been Eager to Sell

Lockheed Martin reports higher sales on strong defense demand

Time to Pounce: 2 Phenomenal Ultra-High-Yield REITs That Haven't Been This Cheap in Years

Trump poised to clinch $1.3 billion social media company stock award

Forget Nvidia: Billionaires Are Selling It and Buying These 2 High-Octane Artificial Intelligence (AI) Growth Stocks Instead

It's Time to Ditch These 2 "Magnificent Seven" Stocks and Replace Them With 2 Bona Fide Outperformers

With Shares Down Nearly 70%, I'm Piling Into this Ultra-High-Yield Dividend Stock