Wal-Mart completes its largest acquisition in Latin America

01/26/2009 | Bloomberg

Wal-Mart Stores has completed its takeover of Distribucion y Servicio, the largest grocer in Chile. Through the deal, Wal-Mart acquires more than 180 D&S stores, 85 financial-services offices and 10 shopping centers. "We see an opportunity to grow in Chile as part of our strategy of being a significant retailer in all major markets of the Americas," said Craig Herkert, executive vice president at Wal-Mart.

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