GFM advises Grupo De Narváez in the acquisition of Walmart Supermarkets business in Argentina.

American Walmart Chain sold its Walmart Supermarkets business in Argentina to Grupo de Narváez after 25 years in that market. With this, Grupo de Narvaez, which also operates in Ecuador and Uruguay, assumes ownership of 92 stores, including 31 hipermarkets, 52 Changomas stores, 8 MiChangomas stores distributed in Buenos Aires and 21 provinces, and a workforce of 9,000 employees.

With this, Grupo de Narvaez, which also operates in Ecuador and Uruguay, assumes ownership of 92 stores, including 31 hipermarkets, 52 Changomas stores, 8 MiChangomas stores distributed in Buenos Aires and 21 provinces, and a workforce of 9,000 employees.

GFM partners Pablo Di Iorio and Ignacio Sánchez Vaqueiro and associate Francisco Levis advised Grupo de Narvaez in this transaction.

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