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Walmart Sells Its Argentina Business

TheMotleyFool

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Walmart (NYSE: WMT) is slimming down in South America. On Friday, the company announced that it is selling its Argentina business to a regional peer, Grupo de Narvaez, that has operations in Ecuador and Uruguay in addition to Argentina.

Walmart did not specify the price nor many of the key terms of the agreement between it and the South American company. It also did not delve into the reasons for the divestment.

Image source: Walmart.

Source Fool.com

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