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Report: Wal-Mart Seeks Brazilian Stores


Sao Paulo, Brazil, Wal-Mart Stores is close to buying the Portuguese Sonae’s retail chain in Brazil, according to a report from Sao Paulo-based consulting firm Gouvea de Souza. Sonae operates about 150 supermarkets and hypermarkets in the southern region of the country. Wal-Mart offered 800 million euros for the chain, according to local reports.

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