US retail giant Wal-Mart is reported to be interested in buying the Argentine, Brazilian and Peruvian units of troubled Dutch retailer Ahold.
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Wal-Mart has not made an offer for the Brazilian unit, which is up for sale, because the US retailer is negotiating to make a single bid for the Ahold units in all three countries, Reuters reported, citing sources.
Brazilian retailer Companhia Brasileira de Distribuicao and French retailer Carrefour have both made preliminary offers for Ahold’s Brazilian assets, Reuters’ sources said.
Ahold’s Brazilian assets include supermarket chains Bompreco Supermercados do Nordeste and G Barbosa Comercial, as well as the company’s Hipercard credit card business.
Bompreco, Brazil’s fourth-largest retailer, has 119 stores, while G Barbosa has 32 stores.
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By GlobalDataThe company is also looking for a buyer for its Disco unit in Argentina and its two Peruvian supermarket chains.
Wal-Mart has a relatively small presence in South America, with 11 outlets in Argentina and 23 in Brazil.
