Business Services Industry
Royal Ahold, a Dutch retailer, sold its Brazilian chain Bompreco to U.S. retailer Wal-Mart, and sold its Brazilian credit card operation Hipercard to local bank Unibanco
Latin Trade, May, 2004
ROYAL AHOLD, a Dutch retailer, sold its Brazilian chain Bompreco to U.S. retailer Wal-Mart, and sold its Brazilian credit card operation Hipercard to local bank Unibanco. Ahold said the combined value of these operations came to US$500 million. Wal-Mart posted 2003 sales of $654 million in Brazil.
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