Advent to buy Walmart Brazil for $0

Advent International has agreed to take control of an 80% stake in Walmart Brazil, with The Wall Street Journal reporting the Boston-based buyout shop will pay $0 up front for the retailer's struggling Brazilian operations—although that total could jump as high as $250 million depending on the division's performance under Advent.

Source: https://pitchbook.com/newsletter/advent-to-buy-walmart-brazil-for-0-teE