Saturday, January 24, 2009

Wal-Mart Gets Majority Stake In Chilean Retailer

read at KHBS NW Arkansas:
"BENTONVILLE, Ark. -- Wal-Mart Stores Inc., the world's largest retailer, said its tender offer to acquire a majority stake in Chile's largest food retailer was successful. Wal-Mart says it has acquired about 58.2 percent of the Distribucion y Servicio's shares. The move helps Wal-Mart expand in the South American country.

Wal-Mart already has a global procurement office in Santiago and exports Chilean products to its stores in the U.S. and throughout the world. Wal-Mart says D&S operates more than 180 stores in Chile. Wal-Mart's international business is the company's fastest-growing division."

No comments: