Wal-Mart Brazil is to invest some US$203.8m in the northeast of the country, local reports have said.

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Sourcing CEO Vincente Trius, the reports said that the funds will be used to open 19 new stores, which will create 2,500 direct jobs.


In total the company is expected to open 28 new stores in Brazil. The total investment will be over $500m.


The supermarket operator will also modernise its existing units, Trius said.

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