Advent to invest $485 million in Walmart operations in Brazil

Advent International, the private equity firm that acquired 80 percent of Walmart Inc 's Brazilian operations, is going to invest 1.9 billion reais ($485.66 million) in the existing stores as part of an agreement with the world's biggest retailer, according to a document published in Brazil's official gazette.

from Reuters: Business News https://ift.tt/2MPIRtv