For an estimated $100 mn, control of Walmart transferred to the De Narváez group

The U.S. chain’s decision to sell its operation in Argentina focuses on concentrating all its efforts on the U.S. market, where Walmart is a leader in the retail segment. They will maintain 9,000 jobs in the chain’s 92 stores across the country, and the brand will change. The chain has 12% of the Argentine market. Although there was no official information on the amount paid by De Narvaez to keep the operation, the group let know that the figure is close to $100 million.

Source: Ámbito