French supermarket Carrefour has acquires 10 hypermarkets in the Sao Paulo area from Sonae, it said today (Thursday).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Carrefour paid 317m Brazilian reais (US$129m) for the hypermarkets, which currently operate under the BIG banner.


These 10 hypermarkets reported 2004 net sales of 455m reais. With this transaction, Carrefour strengthens its position in the Sao Paulo area, it said. The final transfer should take place by the end of June 2005. Carrefour is the second largest retailer in Brazil.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now