Advent to invest $485 million in Walmart operations in Brazil

Advent International, the private equity firm that acquired 80 percent of Walmart Inc (WMT.N) ‘s Brazilian operations, is going to invest 1.9 billion reais ($485.66 million) in the existing stores as part of an agreement with the world’s biggest retailer

Source: https://www.reuters.com/article/us-walmart-advent-intl-brazil/advent-to-invest-485-million-in-walmart-operations-in-brazil-idUSKCN1LC1KS